Although there has been an offer and acceptance and consideration, and the parties intended to enter into a contract, a court will set aside a contract as void, because of
A) the impecuniosity of one of the parties.
B) the lack of capacity of one of the parties.
C) the signature on the contract is unclear.
D) the wealth of one of the parties.
E) the social standing of one of the parties.

Question

Quizplus · Accepted Answer

A court may set aside a contract as void if one of the parties lacks capacity. This can occur if the party is a minor, mentally incapacitated, or under the influence of drugs or alcohol at the time of entering into the contract. Lack of capacity means that the party did not have the legal ability to understand the consequences of entering into the contract.

Although There Has Been an Offer and Acceptance and Consideration