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PRERNA SHARMA (JOB)     05 May 2018

Giving on loan ,minor's assets like gold, to 3 party at int.

A FRIEND OF MINE HAS GIVEN GOLD PURCHASED ON HIS MINOR SON'S NAME TO SOMEONE ON LOAN AND RECIEVES INTEREST THROUGH A LEGAL AGREEMENT SIGNED BY HIM ON BEHALF OF HIS SON (MINOR)
AND NOW THE THIRD PARTY IS NOT PAYING BACK THE GOLD .

WHAT ARE THE LEGAL CONSEQUENCES?

IS THE AGREEMENT VOID AB INITIO?

DOES THE FATHER HAS THE AUTHORITY TO LEND MINOR'S PROPERTY TO SOMEONE ELSE ALTHOUGH IT WAS PURCHASED BY FUNDS GIVEN BY THE FATHER ONLY?

 



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