Question:
Apply the given legal principles to the facts provided in the following of the question and select the most appropriate answer.
Principle : Competence to contract is essential for an agreement to be considered a contract.
‘Competence to contract’ : Any person who is of the age of majority according to the applicable law and is of sound mind and is not disqualified from contracting by any applicable law.
‘Age of majority’ : Every person shall attain the age of majority on their completing 18 years of age and not before.
Facts : Z sought to purchase a property belonging to K (a minor) two days before K completed 18 years of age. K really liked Z’s offer and six months later they entered into a contract for sale of the property to Z. Was K competent to contract ?
Apply the given legal principles to the facts provided in the following of the question and select the most appropriate answer.
Principle : Competence to contract is essential for an agreement to be considered a contract.
‘Competence to contract’ : Any person who is of the age of majority according to the applicable law and is of sound mind and is not disqualified from contracting by any applicable law.
‘Age of majority’ : Every person shall attain the age of majority on their completing 18 years of age and not before.
Facts : Z sought to purchase a property belonging to K (a minor) two days before K completed 18 years of age. K really liked Z’s offer and six months later they entered into a contract for sale of the property to Z. Was K competent to contract ?
Principle : Competence to contract is essential for an agreement to be considered a contract.
‘Competence to contract’ : Any person who is of the age of majority according to the applicable law and is of sound mind and is not disqualified from contracting by any applicable law.
‘Age of majority’ : Every person shall attain the age of majority on their completing 18 years of age and not before.
Facts : Z sought to purchase a property belonging to K (a minor) two days before K completed 18 years of age. K really liked Z’s offer and six months later they entered into a contract for sale of the property to Z. Was K competent to contract ?
Updated On: Aug 4, 2024
- K was not competent to contract because he was influenced by Z when K was a minor
- K is competent to contract because he entered into the contract after completing 18 years of age
- K was not competent to contract because Z had approached him before he completed 18 years of age
- None of the above
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The Correct Option is B
Solution and Explanation
The correct option is (B) : K is competent to contract because he entered into the contract after completing 18 years of age.
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