A a Minor entered into a contract for borrowing a sum of Rs 40 000 out of which lender paid him a su...........

Indian Contract Act (ICA)1872 Valid and Void Contracts

A , a Minor, entered into a contract for borrowing a sum of Rs 40,000 out of which lender paid him a sum of Rs 18,000A executed mortgage of property in favour of the lender. The mortagage is

Valid for any amount

Valid to the extent of Rs. 40,000

Invalid

Validated on attaining majority

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Explanation:

- Contracts with minors are generally void because minors lack the legal capacity to contract.

- Option 1: Valid for any amount

- This is incorrect because a minor cannot enter into a valid contract.

- Option 2: Valid to the extent of Rs. 40,000

- This is incorrect as no portion of the contract is valid if entered by a minor.

- Option 3: Invalid

- A contract entered into by a minor is void and unenforceable.

- This is the correct answer.

- Option 4: Validated on attaining majority

- This is incorrect as a contract made by a minor does not automatically become valid upon reaching the age of majority; a new contract would need to be entered.