Legal Principle: Every person, who is of the age of majority, is competent to contract according to the law to which he is subject. Factual situation: A minor mortgaged his house in favour of Thakur Das, a moneylender, to secure a loan of ` 20,000. A part of this, i.e., ` 10,500 was actually advanced, the attorney who was acting for the moneylender received information that the plaintiff was still a minor. Subsequently, the minor commenced an action stating that he was underage when he executed the mortgage and the same should, therefore, be cancelled. He prayed for setting aside the mortgage. The mortgagee/moneylender prayed for the refund of ` 10,500 from the minor. (CLAT 2012)

Each question consists of legal principle(s) (hereinafter referred to as 'principle') and facts. Such proposition may or may not be true in the real and legal sense, yet you have to conclusively assume them to be true for the purposes of this section. You have to apply the principles to the given facts to arrive at the most reasonable conclusion. Only one of the alternatives, i.e., (A), (B), (C), or (D) is the most reasonable conclusion. Remember: you must not rely on any principle except the principles that are given for every question.