Question

Since a minor is never personally liable, he cannot be adjudicated as an insolvent.

• A. true
• B. false
• C. partly true
• D. partly false

Answer 1

Answer: (A)

true

In India a minor is not personally responsible for his debts and is not capable of entering into contracts. Therefore a minor can’t be adjudicated an insolvent. If by error a minor is adjudicated an insolvent the order must be annulled cancelled.