Competency of Parties

A seventeen-year-old in Thane sells her second-hand laptop to a classmate for ₹30,000, then changes her mind and wants it back. A man who has had far too much to drink agrees to sell his bike for ₹5,000 and regrets it the next morning. Can either of them walk away? Section 11 of the Contract Act decides who can make a binding promise, and section 12 decides what counts as a clear enough head.

In two minutes

Section 11 makes a person competent to contract only if he has reached the age of majority, is of sound mind and is not disqualified by any law; an agreement by a minor is void, and a person of unsound mind cannot contract while the unsoundness lasts.

The rest of this chapter

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