Which of the following statements are true?
i. Minor's contract can be ratified on attaining majority.
ii. Minor's contract cannot be ratified on attaining majority
iii. Minor's contract can be ratified jointly by both the parties to the contract.
iv. Minor is not liable under minor's contract
1
(i) and (iii)
2
(ii) and (iv)
3
(i) and (ii)
4
(ii) and (iii)