A party may have the capacity to enter into a valid contract and the right to avoid liability under it.

Name: A party may have the capacity to enter into a valid contract and the right to avoid liability under it.
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Question

Quizplus · Accepted Answer

A party, such as a minor, may legally have the capacity to enter into a contract but also possess the right to disaffirm or avoid liability under that contract, making it voidable at their discretion.

A Party May Have the Capacity to Enter into a Valid