| Front | Position of minor in agreements |
| Back | 1. Void ab initio. Minor can't bind himself by contract2. Fraudulent represnsentation by minor: minor can plead minority ( but restitution may be applied at descretion of court)3. ratification on majority not allowed4.minor can contract joining major5. Minor can't be partner but partner in benefit only if agreed6. Minor can be agent but can't be liable.7. Minor can't be shareholder unless AoA permits and shares are already fully paid.8. Can't be declared insolventException:1. Contract by gaurdian for benefits and within scope can be enforced too. But can't bind minor with contract2. Supply of necessary: to him or his dependent is enforeable not personally but so far as his property extends but liability is only for necessary which are:a. Depend on minors social statusb. Not already in possession |
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| Front | Rules regarding acceptance |
| Back | Made in prescribed time or reasonable time, made by authorised person, can be implied or expressive, must be communicated, mere silançe is not acceptance, must be absolute and unqualified, acceptance by person to whome is communicated |
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| Front | When is an offer lapsed? |
| Back | By notice of revocation, lapse of time of acceptance, failure to fulfill conditions required to acceptance, Death or insanity of proposer, communication of counter offer, when acceptance is to be in prescribed mannter or law is changed |
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