Question

Solve.
X, on attaining majority, gave a promissory note in the satisfaction of one executed by him for money borrowed when he was a minor. Is this promissory note valid?

Answer 1

Solution: Sections to which the given problem relates: Section 10 and Section 11.
Decision: The promissory note is not valid and hence cannot be enforced.
Reason: There was no consideration.
[Leading case: Ramaswamy v. Anthaoppa]