Articles under Competency To Contract

One of the essential elements of a valid contract is that the parties entering into it must have the legal capacity or competency to do so. The Indian Contract Act 1872 defines the competency of parties in Section 11 as Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject.