What element of a contract refers to the parties involved being "adults of sound mind"?
A)Consideration
B)Capacity
C)Consent
D)Legality

Name: What element of a contract refers to the parties involved being "adults of sound mind"? A)Consideration B)Capacity C)Consent D)Legality
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Question

Quizplus · Accepted Answer

Capacity refers to the legal ability of parties to enter into a contract. This includes being of lawful age and having the mental capacity to understand the terms of the contract.

What Element of a Contract Refers to the Parties Involved