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Agreement With Minor Is Void Ab Initio

The minor must not be a partner in a joint venture. However, an unauthorized person may agree to benefit from the partnership to all parties involved. Thus, it could be said that under the law, an agreement formed and concluded by a minor is void. The Indian Contract Act states that only a person who is an adult who has reached the age of 18 is under contract. The main reason for the nullity of a minor`s agreement is that an agreement by which a minor contains a promise on his or her part or promise is an essential element of the agreement, since a minor is not qualified to make a promise imposing a legal obligation. Although a minor is not qualified to enter into a contract, he or she could be the beneficiary of a contract. Section 30 of the Indian Partnership Act 1932 also provides that a minor may not become a partner in the partnership company, but that the benefits of the enterprise may be extended to him. Thus, a contract with minors can be promoted for its own benefit. A minor is a person who has not reached the age of 18 and the majority for each contract is an essential condition precedent. Under Indian law, the miners` agreement is void, which means that it has absolutely no position in the eyes of the law. A contract with minors is therefore null and void, none of the parties being able to impose it. And even after the person has obtained a majority, he cannot ratify the same agreement.

The difference is that a minor`s contract is null/void; A contract is therefore not illegal, as there is no legislation on the matter. As any contract with a minor, i.e. a person under the age of 18, cannot sign the contract, any contract concluded with a minor is not valid. The way a contract creates a partnership and the gist of a contract is that both parties are major…