New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the Indian Contract Act who among the

    following is considered competent to contract?
    A A person who is a minor according to the law to which he is subject, of sound mind, and not disqualified by any law Correct Answer Incorrect Answer
    B A person who is of the age of majority according to the law to which he is subject, of unsound mind, and not disqualified by any law Correct Answer Incorrect Answer
    C A person who is of the age of majority according to the law to which he is subject, of sound mind, and not disqualified by any law Correct Answer Incorrect Answer
    D A person who is of the age of majority according to the law to which he is subject, of sound mind, but disqualified from contracting by some law Correct Answer Incorrect Answer

    Solution

    Section 11: Who are competent to contract—Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject.

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