Question: In forming a valid contract, it is important that the person who enters into the contract must have full capacity in terms of age and

In forming a valid contract, it is important that the person who enters into the contract must have full capacity in terms of age and mind. This means the person, who has not reached the age of majority or is of unsound mind, cannot make a valid contract.

Please explain in step by step manner the above statement by referring to relevant cases and provisions of the relevant Act. Do you agree with the principle discussed?

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