A competent party is said to have contractual capacity, that is, the ability to:

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Quizplus · Accepted Answer

A competent party is capable of making a valid contract. They have the necessary mental capacity, legal authority, and understanding of the terms and obligations of the contract. A competent party cannot necessitate or impose undue influence on a contract, and disaffirmance is an option for parties who lack contractual capacity, not competent parties.

A Competent Party Is Said to Have Contractual Capacity, That