Competency to Contract

Who among the following is capable of entering into a valid contract?

• A Major who attains the age of 18

• A Person of Sound Mind

• A Person who is not disqualified by any Law

• All of the above

What is the term for a person who has the legal capacity to enter into a contract?

• Disqualified Person

• Minor

• Competent Person

• Incompetent Person

A Minor cannot be a promisor, but he/she can be a ___________

• Offeror

• Promisee

• Proposor

• None of the above

Which of the following is not correct?

• Minor can be an agent

• Minor cannot become a partner

• Minor is liable to pay for the necessary goods

• Minor can be adjudged as insolvent

A Person of unsound mind includes __________

• An Idiot

• A Lunatic

• Drunken or Intoxicated Person

• All of the above

A ___________ can enter into a valid contract durng the lucid period.

• A Female

• A Lunatic

• A Drunken person

• A Minor

A person who is not an Indian  citizen and whose country is at war with the Republic of India is called ______________.

• Foreigner

• Alien Enemy

• Ambassador

• None of the above

____________ is a person who is not capable of paying his/her debt.

• Insolvent

• Elien Enemy

• Convict

• Foreign Sovereigns

The contract entered by foreign sovereigns and ambassadors can be enforced in the Court only with the permission of _____________.

• State Government

• Central Government

• Foreign Ruler

• None of the above

Who among the following is disqualified by Law to enter into a valid contract?

• A Convict

• An Elien Enemy

• A Company

• All of the above