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is of the age of majority according to the
law to which he is subject
is of sound mind – A person is said to be of
sound mind for the purpose of making a contract, if, at the
time when he makes it, he is capable of understanding it and
of forming a rational judgement as to its effect upon his interests.
is not disqualified from contracting by any
law to which he is subject
is competent to contract.
Therefore a minor is not competent to contract
and an agreement by a minor is void ab initio. He can not
ratify an agreement on attaining the age of majority and validate
the same. (Void ab initio means it has at no time had any
legal validity).
The following persons are therefore incompetent
to contract
Minors
Persons of unsound mind
Persons disqualified by law to which they are
subject
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