https://www.taxtmi.com/article/detailed?id=1378 Minor contracts are void ab initio; minority is a solvable factual defence permitting avoidance even after misrepresentation, with no estoppel or post-majority ratification. Limited equitable restitution may compel return of traceable property, while suppliers of necessaries can claim reimbursement from a minor's estate but not personal liability. Statutory or guardian-authorised transactions and certain benefit-based contracts may create narrow enforceable exceptions; partnership participation, transfer rules for onerous gifts, shareholding in trust, trade-union membership, and exclusion from insolvency proceedings receive specific statutory treatment. en-us Thu, 04 Aug 2011 05:51:42 +0530 Thu, 04 Aug 2011 05:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1378 Minor contracts are void ab initio; minority is a solvable factual defence permitting avoidance even after misrepresentation, with no estoppel or post-majority ratification. Limited equitable restitution may compel return of traceable property, while suppliers of necessaries can claim reimbursement from a minor's estate but not personal liability. Statutory or guardian-authorised transactions and certain benefit-based contracts may create narrow enforceable exceptions; partnership participation, transfer rules for onerous gifts, shareholding in trust, trade-union membership, and exclusion from insolvency proceedings receive specific statutory treatment. Articles Other Topics Thu, 04 Aug 2011 05:51:42 +0530 https://www.taxtmi.com/article/detailed?id=1378