Contracts formed between parties that lack contractual capacity are usually unenforceable.

Name: Contracts formed between parties that lack contractual capacity are usually unenforceable.
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Question

Quizplus · Accepted Answer

Contracts require parties to have legal capacity, which includes the ability to understand the terms of the contract and the consequences of entering into it. Minors, mentally incapacitated individuals, and intoxicated people may lack contractual capacity, and contracts formed with them are typically unenforceable.

Contracts Formed Between Parties That Lack Contractual Capacity Are Usually