Question

Where a minor has entered into a contract for purchase

Q: Answer-Where a minor has entered into a contract for purchase of necessary items. In such cases:

Under Section 68 of the Indian Contract Act, when a minor contracts for necessaries suited to their condition in life, the minor is not personally liable, but their property or estate is liable to the extent of the benefit received.

of necessary items. In such cases:

A The minor is not personally liable.

B Minor’s estates are liable to make good.

C Minor’s guardian is liable.

D The minor is personally liable

E Both (A) and (B)

Practice Next

More Other Laws and Acts Questions

The 'CAG' stands for:
In relation to the Accounts of Electricity Companies, which of the following points are involved in the Optimised Depreciated Replacement Cost [ODRC] Me...
A MSME start-up is eligible for priority sector loan of up to Rs. _________
A manufacturing company prepares a flexible budget for its production costs. At 60% capacity, its total cost is ₹6,00,000, including ₹2,40,000 fixed...
The new concept of One Person Company (OPC) introduced by the Companies Act, 2013 provides that OPC should be registered as a _____________ type of com...
A company records Net Sales of ₹60,00,000, of which 50% are on credit. The opening receivables were ₹2,00,000 and the closing receivables were ₹4,...
What is accounting standard-3 (revised) associated with?
A lender’s portfolio of unsecured retail loans shows a moderate uptick in 30-day delinquencies and a macro overlay indicating deterioration in borrowe...
An annuity that starts at a predetermined date in the future is called as:
A corporate prefers issuing bonds instead of taking bank loans. What is the primary advantage?

Where a minor has entered into a contract for purchase

Solution