WebCan Minor Appoint an Agent : In terms of Section 183 of Indian Contract Act, a minor cannot appoint an agent. However, as per section 184 of the Indian Contract Act, a minor can be appointed as an agent and he can make principal liable by his action. Thus, a minor can not delegate authority in his self operated account. WebAn agent acts within the scope of authority which is delegated by the principal. Any person may become an agent. If a principal appoint an agent who is minor or unsound mind can he undoubtedly bring a contract between principal and third party but liability must be taken by principal. 3. Principal
Can guardian of minor act as nominee in same account?
WebA minor can act as an agent for an adult. FALSE Edward writes to Judy, who was in the business of purchasing goods for others, telling her to purchase certain goods and ship them to him. Before answering Edward's letter, Judy … WebA minor can appoint an agent to act on his/her behalf but lacks capacity to serve as an agent. Select one: True False This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer cycloplegics and mydriatics
chapter 19 Flashcards Quizlet
WebJun 1, 2024 · Can a minor be an agent or principal? A minor can never be a principal because Section 183 of the Indian Contract Act for anybody to become a principal he … WebJan 26, 2024 · They act the same as a minor checking or minor savings,” explains Holly Kevelin, a client relationship consultant for U.S. Bank. Because the ward is typically a … WebThere are 2 decisions no temporary agent can make for your child: No temporary agent can agree to let your child marry or be adopted. Can anyone besides parents appoint a Temporary Agent? Yes. A guardian of a minor child can appoint a Temporary Agent for the child. How long can the appointment last? cyclopithecus