The document discusses the legal capacity and competence of parties to enter into a contract under Indian contract law. It explains that minors, persons of unsound mind, and those disqualified by law cannot enter into valid contracts. Any contract with such parties is void. Specific provisions are outlined regarding agreements with minors, including exceptions for necessities. The liability of minors in tort and as agents is also addressed.

1. Competence of contracting parties Section 11 of the Indian contract act states that every person is competent to contract, who is the age of majority ,who is of sound mind and who is not disqualified from contracting by law

2. Following persons are incapable of contracting A person disqualified By law A person of Unsound mind A minor A minor ,person of unsound mind and person Disqualified by law cannot enter into contract Any contract with any such party will be void Ab intio

23. Introducing person of unsound mind

26. Introducing person disqualified by law to enter into any contract I am declared disqualified By law to enter into any contract