The threshold mental competence required by law for a party who enters into a contract to be bound by that contract is called

Name: The threshold mental competence required by law for a party who enters into a contract to be bound by that contract is called
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Question

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Contractual capacity refers to the legal ability of a party to enter into a contract. It includes having the mental competence to understand the terms and consequences of the contract.

The Threshold Mental Competence Required by Law for a Party