Section 3 : Person competent to conclude contracts

1) Any person other than those mentioned below may be competent for concluding a contract;

(a) Those who have not attained 16 years of age.

(b) Those who are of unsound mind.

2) Notwithstanding anything contained in sub-section 1, any person not qualified to enter into a specific contract under the prevailing law shall be deemed to be incompetent to conclude that contract. ,

3) The guardian of a person who is incompetent to conclude a contract under Section 1 may conclude a contract on his/her behalf in his interest.

4) Notwithstanding anything contained elsewhere in this Section, in case the prevailing law provides for a provision even to persons who are incompetent under this Act to conclude a contract on any specific matter, they shall be deemed to be qualified to conclude a contract on such that matter accordingly.