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What is 'capacity' in contract law?

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Question: What is \'capacity\' in contract law?

Options:

  1. The ability to perform the terms of the contract.
  2. The legal ability to enter into a contract.
  3. The financial ability to fulfill the contract.
  4. The willingness to negotiate terms.

Correct Answer: The legal ability to enter into a contract.

Solution: 

Capacity refers to the legal ability of a party to enter into a contract.

What is 'capacity' in contract law?

Practice Questions

Q1
What is 'capacity' in contract law?
  1. The ability to perform the terms of the contract.
  2. The legal ability to enter into a contract.
  3. The financial ability to fulfill the contract.
  4. The willingness to negotiate terms.

Questions & Step-by-Step Solutions

What is 'capacity' in contract law?
  • Capacity – Capacity refers to the legal ability of a party to enter into a contract, which can be affected by factors such as age, mental competence, and intoxication.
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