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Agency

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(Querist)
09 January 2016 In an agency, there was a contract between Mr.A(principal) and M(minor) to sell a watch for a minimum price of Rs.700. However, M sold it to D for Rs.300. Now is Mr.A liable in this particular contract? Should M repay the excess loss Mr.A has incurred?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
26 January 2016 Contract with a minor is void.
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
24 May 2016 Contract with a minor is void ab initio. Hence, M is neither liable to his principal (A) nor to the purchaser.
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VARSHA BELURKAR

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VARSHA BELURKAR (Querist)
18 June 2016 Thank you so much sir..
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