For two parties to enter into an agreement, or contract, both must be capable of understanding the terms and conditions. This is referred to as ____.
A) consideration
B) agreement
C) expressed contract
D) contractual capacity
E) implied contract

Question

Quizplus · Accepted Answer

Contractual capacity refers to the ability of a party to understand the terms and conditions of a contract, ensuring they are legally capable of entering into contracts.

For Two Parties to Enter into an Agreement, or Contract