Capacity
In limited situations, the law will allow a party out of an otherwise binding contract. This will occur if a party lacks the basic ability to understand the consequences of a contract. The law does not require that they understand, only have the capacity, or ability, to understand.
The law recognizes a lack of capacity for minors, mentally incapacitated, and intoxicated individuals.
Click on each of the following for more information and your assignment:
MINORS
MENTALLY INCAPACITATED
INTOXICATED
The law recognizes a lack of capacity for minors, mentally incapacitated, and intoxicated individuals.
Click on each of the following for more information and your assignment:
MINORS
MENTALLY INCAPACITATED
INTOXICATED