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Author Question: What does it mean to have the capacity to enter into a contract? What will be an ideal ... (Read 24 times)

plus1

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on: Aug 3, 2018
What does it mean to have the capacity to enter into a contract?
 
  What will be an ideal response?

Question 2

The word bankruptcy is a combination of two Latin terms, bankus and ruptus, literally meaning broken bench.
 
  Indicate whether the statement is true or false


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Fayaz00962

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Reply #1 on: Aug 3, 2018
Answer to Question 1

Capacity is the legal ability to enter into a contract including being of legal age, typically 18 years old, today. It also means having mental capacity sufficient at the time of contracting to understand the consequences of one's actions.

Answer to Question 2

TRUE


plus1

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Reply 2 on: Aug 3, 2018
Great answer, keep it coming :)

shewald78

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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