If either party entering a contract lacks the capacity to contract, the contract is void or voidable, depending on the kind of incapacity involved.

Question

Quizplus · Accepted Answer

This is true. If one or both parties lack the capacity to contract, the contract may be considered legally void or voidable depending on the type of incapacity involved. Examples of lack of capacity may include mental illness, intoxication, minority, or duress.

If Either Party Entering a Contract Lacks the Capacity to Contract