Can a minor enter into a valid contract in India?

No, minors (under 18 years) cannot enter into valid contracts in India. Any agreement with a minor is automatically void and unenforceable in Indian courts.

What makes a contract void in Indian business law?

Contracts become void when they lack essential elements or involve illegal activities. Agreements contradicting public policy or made under coercion also fall into this category.

What is the difference between void and voidable contracts?

Void contracts are invalid from the beginning and cannot be enforced by either party. Voidable contracts remain valid until the affected party chooses to reject them due to defects in consent.

Are verbal contracts legally binding in India?

Yes, verbal contracts are legally binding if they contain all essential elements. However, certain agreements, like property transfers, must be in writing to be enforceable.

What is “consideration” in contract law?

Consideration refers to something of value exchanged between parties in a contract. It can be money, goods, services, or promises, and must be lawful and adequate.

How are digital contracts enforceable in India?

Digital contracts are enforceable through the Information Technology Act,

Electronic signatures and digital acceptances have legal recognition as physical signatures. 7. Can a contract discharged without performance?

Yes, contracts can be discharged through mutual agreement, impossibility, frustration, or breach. Operation of law and lapse of time can also terminate contractual obligations.

What is a quasi contract, and how does it differ from regular contracts?

A quasi contract is a court-created duty requiring someone to return a benefit they received unfairly. It isn’t an actual agreement, but it works just to prevent unjust gain.