19 Sep ’21

Essentials Of Minor Agreement

A shareholder who disagrees with an act outside of the company`s property must sue the directors for any loss. An agreement between two or more persons that creates liabilities that may be enforceable or otherwise identifiable by law. A contract is a legally enforceable agreement. Contracts or agreements between different persons are constituted and validated by the Indian Contracts Act. As with contracts entered into by adults, minors must meet certain conditions before a contract is considered enforceable. The main requirement is the ability to enter into contracts. Contractual capacity is questionable in the treatment of minors, as the reason given is that a minor is not sufficiently able to understand and convey issues relating to contractual rights.

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