Competent parties can be of any age as long as they understand the terms of a contract.

Name: Competent parties can be of any age as long as they understand the terms of a contract.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Competent parties must generally be of legal age (usually 18 or older) and mentally capable of understanding the contract's terms. Minors are typically considered not competent to enter into contracts, with some exceptions.

Competent Parties Can Be of Any Age as Long as They