The legal ability to enter into a binding agreement is known as what?
A) Majority
B) Emancipation
C) Contractual knowledge
D) Contractual capacity
E) Informed consent

Question

Quizplus · Accepted Answer

Contractual capacity refers to the legal ability of a person to enter into a binding agreement. It means the person must understand the terms and consequences of the contract and must be recognized by law as having the ability to do so, typically being of a certain age and sound mind.

The Legal Ability to Enter into a Binding Agreement Is