A person who is of legal age,of at least normal mentality,and capable of understanding a contract is known as a:
A) competent party.
B) contracting party.
C) valid participant.
D) contractor.
Correct Answer:
Verified
Q15: Even if a person makes a contract
Q17: A minor is not liable even for
Q19: The UCC specifies that a competent party
Q19: The law regards actions on the part
Q20: The legal age of majority varies from
Q21: If a minor enters into a contract
Q24: In some cases, the courts have held
Q27: A person who has not yet reached
Q35: Most contracts made by persons who have
Q38: Disaffirming a contract would amount to:
A) ratifying
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