Mr.Martin,who has been declared bankrupt,decided to rent an apartment for $600 per month,since his house is to be sold to satisfy his creditors.He cannot enter into such a contract,since he lacks the capacity to contract except for necessaries.

Question

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A person declared bankrupt may have limited capacity to enter into contracts, except for those involving necessities like basic housing, which may be considered necessary for living.

MrMartin,who Has Been Declared Bankrupt,decided to Rent an Apartment for $600