Asked by
Cooper McCanna
on Nov 27, 2024Verified
Among the requirements for a valid contract, courts generally presume the existence of
A) none of the choices.
B) minority.
C) mental incompetence.
D) contractual capacity.
Contractual Capacity
The legal ability to enter into contracts; the threshold mental capacity required by law for a party who enters into a contract to be bound by that contract.
Valid Contract
An agreement between parties that meets all legal requirements and is enforceable by law.
- Comprehend the contractual capacity of individuals including minors, intoxicated persons, and those adjudged mentally incompetent.
Verified Answer
KM
Learning Objectives
- Comprehend the contractual capacity of individuals including minors, intoxicated persons, and those adjudged mentally incompetent.