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    Question

    Competency to contract relates

    toĀ 
    A age of the parties Correct Answer Incorrect Answer
    B soundness of mind of the parties Correct Answer Incorrect Answer
    C both age & soundness of mind Correct Answer Incorrect Answer
    D intelligence of the parties. Correct Answer Incorrect Answer
    E All (a), (b) and (c) Correct Answer Incorrect Answer

    Solution

    Section 11 of the Indian Contract Act states competency to contract depends on being of the age of majority and sound mind. Both these criteria ensure that parties understand the nature and consequences of the contract.[Indian Contract Act, Section 11]

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