Which one of the following lacks legal capacity to enter into a binding contract?
A) Partnership
B) Executor
C) Corporation
D) Mental incompetent

Question

Quizplus · Accepted Answer

A mental incompetent lacks legal capacity to enter into a binding contract because they are not capable of fully understanding the terms and consequences of the agreement. The other options listed (partnership, executor, and corporation) all have legal capacity to enter into a binding contract.

Which One of the Following Lacks Legal Capacity to Enter