A who is a minor takes loan from B. On attaining majority. A executes a bond in favour of B for the loan taken during the minority. Is A liable?
A. A is liable as he executed the bond on attaining majority
B. A is liable on the basis of doctrine of estoppels
C. A is liable as he has ratified the agreement
D. A is not liable as he cannot ratify the agreement on attaining majority
Answer: Option D

Join The Discussion