A minor aged 17 years obtains a loan of ₹6 lakh from a bank by misrepresenting his age and executes loan documents. The bank later discovers the truth. Under the Indian Contract Act 1872, the loan agreement is:

An agreement by a minor is void ab initio because s.11 of the Indian Contract Act declares that only a person who has attained majority, is of sound mind and is not disqualified from contracting can contract, and the classic authority is Mohori Bibee v Ghose Dhurmodas, where a mortgage executed by a minor in favour of a lender was held unenforceable. A minor cannot be estopped from pleading minority even if he misrepresented his age. The only recovery recognised is under s.68, which makes a minor liable, out of his property, for necessaries supplied to him; money lent is not a necessary, and the lender has no claim against the minor personally even after majority. The agreement is void, not voidable, and neither party can treat it as valid.