Contractual capacity is the ability to:
A) read and write.
B) sign a written contract.
C) understand that a contract is being made and to understand its general nature.
D) understand the legal meaning of the contract being made.

Question

Quizplus · Accepted Answer

Contractual capacity refers to the ability to understand that a contract is being made and to understand its general nature. It is not necessarily dependent on the ability to read and write or understand the legal meaning of the contract. Signing a written contract is a physical act that may or may not indicate contractual capacity.

Contractual Capacity Is the Ability To