20Disposition for consideration

#### 20 Disposition for consideration 20 Disposition for consideration > > (1) Where: > > > > > (a) a minor makes a disposition of property for a consideration received or to be received by the minor, > > > > > (b) the consideration is not manifestly inadequate at the time of the disposition, and > > > > > (c) the minor receives the whole or any part of the consideration: > > > > the disposition is presumptively binding on the minor. > > > (2) Where: > > > > > (a) a disposition of property is made to a minor for a consideration given or to be given by the minor, and > > > > > (b) the consideration is not manifestly excessive at the time of the disposition: > > > > the disposition is presumptively binding on the minor. > > > (3) Save to the extent to which, under Part 3 of the [Sale of Goods Act 1923](/view/html/inforce/current/act-1923-001) or otherwise, a promise may operate as a disposition of property, subsection (2) does not make presumptively binding on a minor a promise by the minor which is the whole or part of the consideration for a disposition of property to the minor. > > > (4) Where the burden of, or arising under, a covenant or other promise runs with property so as to impose an obligation or restriction on a person to whom a disposition of the property is made in any manner or circumstances, subsection (2) does not make presumptively binding on a minor a disposition of that property to the minor in that manner or those circumstances.