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A person is competent to contract per ICA 1872 if they are:
ASixteen years with parental consent
BTwenty-one years and a citizen of India
CEighteen years of age, of sound mind, not disqualified by law
DAny age provided they are literate
Answer & Solution
Correct answer: C. Eighteen years of age, of sound mind, not disqualified by law
1. Per OCR: "A person is considered competent if he is (a) eighteen years of age (b) of sound mind (c) not disqualified from contracting by any law to which he is subject."
2. These three conditions are cumulative.
3. Below 18 = minor = generally void contract.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 51)_