A contract to take a loan by boy of 17 years of age from a money lender of 34 years is ........

Indian Contract Act (ICA)1872 Valid and Void Contracts

A contract to take a loan by boy of 17 years of age from a money lender of 34 years is

Valid contract

Void contract

Quasi Contract

Void agreement

- Option 1: Valid contract

- For a contract to be valid, both parties must be competent (as per Section 10 and 11 of the Indian Contract Act, 1872).

- A person below the age of 18 (minor) is not competent to contract.

- So, a 17-year-old cannot make a valid contract.

- Option 2: Void contract

- Any contract entered into by a minor is void ab initio (invalid from the beginning).

- No legal rights or obligations arise from such an agreement.

- Option 3: Quasi Contract

- Quasi contracts are imposed by law to prevent unjust enrichment, not actual agreements.

- Not relevant in the given scenario, as there was an explicit contract attempt.

- Option 4: Void agreement

- Though similar in effect, technically, “void contract” is more appropriate because the agreement is void from the start due to incompetency.

Correct Answer: Option 2 – Void contract

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