Professional Documents
Culture Documents
1) Void Agreement Minor is a person who has not attained the age
of majority (18 years). Agreement with minor is void from beginning
because minor has no legal capacity to enter in to an agreement. He
is not liable to perform any act or promise under the agreement.
Example
Rashid enter in to an agreement with a minor Shahid, on the date of
performance Shahid refuses to perform the contract. Rashid cannot
sue Shahid because agreement with minor is void.
2) Minor as a partner A minor cannot become a partner in profit
and losses of a firm. However a minor can be admitted to the benefits
of the firm only.
Example Ali, and Shahid are partners in a firm they admitted a new
partner sajid a minor in profits and loss of firm. This is a void
agreement as minor cannot be admitted to profits and loss. Bashir
and Nazir are partners in a firm; they admitted a minor Bilal in profits
of the firm only. This is valid agreement