CONTRACT-2
1. “Gokul is 17 years old from a rich family. He has got a PAN number which is an ESSENTIAL Id for registration purposes. Nayak proposes an agreement for sale of his flat to Gokul because he likes this flat very much.”
Whether the agreement is valid?
No… not at all. Minors cannot be a party to any agreement. Because, law tells they do not have the maturity of mind. All agreements with minors are invalid only.
2. After two years, again our Nayak called Gokul to his flat. But Gokul refuses to sign the agreement. Nayak’s relatives coerced/forced/bullied Gokul to sign the agreement.
Whether this is a valid contract? No.
Free consent is a must for any agreement.
3. Mr A became a lunatic/mental: His relatives tried to get his signature in a contract.
Whether it is valid? No.
4. Court has ordered Mr Y ineligible for contracting. He IS forbidden/ stopped to go for any agreement/contract till further orders from court WITH ANY OTHER PARTY.
But Mr G wanted to have an agreement with him because he is an expert in computer operations.
Whether this is valid in the eyes of law? It is an invalid agreement. When court announces ineligibility, such person cannot be a party to any contract.
5. A contract can be oral or written.
In short, contract is an enforceable agreement between 2 or more people. There must be an offer by a proposer and acceptance by the other party. There must be a consideration on the part of all parties. All the parties should willingly give consent to any agreement. Minors, people of unsound mind (mentally ill) and legally forbidden people cannot make any valid agreements. Agreement can be oral or written. One of the exemptions, as far as ‘CONSIDERATION’ is: agreements out of love and affection among close relatives need not have any consideration.
1. “Gokul is 17 years old from a rich family. He has got a PAN number which is an ESSENTIAL Id for registration purposes. Nayak proposes an agreement for sale of his flat to Gokul because he likes this flat very much.”
Whether the agreement is valid?
No… not at all. Minors cannot be a party to any agreement. Because, law tells they do not have the maturity of mind. All agreements with minors are invalid only.
2. After two years, again our Nayak called Gokul to his flat. But Gokul refuses to sign the agreement. Nayak’s relatives coerced/forced/bullied Gokul to sign the agreement.
Whether this is a valid contract? No.
Free consent is a must for any agreement.
3. Mr A became a lunatic/mental: His relatives tried to get his signature in a contract.
Whether it is valid? No.
4. Court has ordered Mr Y ineligible for contracting. He IS forbidden/ stopped to go for any agreement/contract till further orders from court WITH ANY OTHER PARTY.
But Mr G wanted to have an agreement with him because he is an expert in computer operations.
Whether this is valid in the eyes of law? It is an invalid agreement. When court announces ineligibility, such person cannot be a party to any contract.
5. A contract can be oral or written.
In short, contract is an enforceable agreement between 2 or more people. There must be an offer by a proposer and acceptance by the other party. There must be a consideration on the part of all parties. All the parties should willingly give consent to any agreement. Minors, people of unsound mind (mentally ill) and legally forbidden people cannot make any valid agreements. Agreement can be oral or written. One of the exemptions, as far as ‘CONSIDERATION’ is: agreements out of love and affection among close relatives need not have any consideration.
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