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What is Competency of Parties in Contracts about?

The document discusses Indian contract law regarding the competency of parties to enter into contracts. It outlines that to form a valid contract, parties must be competent, meaning they are of age, sound mind, and not otherwise legally disqualified. Minors under 18 are not competent parties. While agreements with minors are void, exceptions exist for beneficial contracts and contracts of apprenticeship if they are truly for the minor

Author

ishurajput578

Language

EN