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In contract law, 'capacity' refers to:

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Question: In contract law, \'capacity\' refers to:

Options:

  1. The ability to perform the contract
  2. The legal ability to enter into a contract
  3. The financial ability to fulfill obligations
  4. The ability 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, which can be affected by age, mental state, and other factors.

In contract law, 'capacity' refers to:

Practice Questions

Q1
In contract law, 'capacity' refers to:
  1. The ability to perform the contract
  2. The legal ability to enter into a contract
  3. The financial ability to fulfill obligations
  4. The ability to negotiate terms

Questions & Step-by-Step Solutions

In contract law, 'capacity' refers to:
No concepts available.
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