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Under the Indian Contract Act, what is the legal standing of a Demand Promissory Note (DP

Q: Answer-Under the Indian Contract Act, what is the legal standing of a Demand Promissory Note (DPN) executed...

A minor lacks legal capacity to enter into a binding contract, rendering any contract or DPN signed by them void ab initio invalid from the beginning. While a minor can be a beneficiary in financial arrangements, all binding legal agreements must be executed by their legal or natural guardian acting on their behalf.

N executed directly by a minor (< 18 years), and what is the key documentation requirement for banks when granting a loan where a minor is involved?

A The DPN is legally binding; the minor signs directly in the presence of two witnesses.

B The DPN is valid if endorsed by a local magistrate; no legal guardian is required.

C The DPN is void ab initio; the natural/legal guardian must execute all loan documents on the minor's behalf.

D The DPN becomes enforceable automatically as soon as the minor reaches 18 years of age.

E The DPN is valid provided the minor posts their physical thumb impression and bank account details.

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Under the Indian Contract Act, what is the legal standing of a Demand Promissory Note (DP

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