Question

A sixteen-year-old student enters into an agreement to purchase a motorcycle worth ₹1,20,000 on credit. Under the Indian Contract Act, 1872, this agreement is:

A Voidable at the option of the minor, since a contract with a minor is generally treated as valid unless it operates to his prejudice
B Valid, as the minor has attained the age of sixteen years and is competent to contract in respect of trade for a means of livelihood
C Valid, provided the minor's guardian has consented to the purchase, the guardian's authority supplying the minor's want of competence
D Void ab initio, for a minor is incompetent to contract, and the agreement cannot be enforced against the minor even where consideration has passed
E Ratifiable by the minor upon attaining majority, the agreement being voidable and capable of subsequent confirmation
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