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Friday, 22 March 2013

Contracts: Capacity and Legality

Contracts: Capacity and Legality

Contractual Capacity

The legal ability to enter into a contractual relationship.

    Full competence.

    No competence.

    Limited competence.

Legality.

§ The agreement must not call for the performance of any act that is criminal, tortious, or otherwise opposed to public policy.

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