Capacity - element of contract, Business Law and Ethics

Capacity - Element of Contract

Capacity to Contract

However 'capacity' may be described like the legally documented right of a person to enter with a legally binding agreement. Since the law of contract limits in varying that degrees the contractual capacity of the subsequent persons as;

a) Infants or minors, and one is

b) Drunken persons and persons about unsound mind,

c) Corporations.

d) Undischarged bankrupts.

 

Posted Date: 1/22/2013 2:02:08 AM | Location : United States







Related Discussions:- Capacity - element of contract, Assignment Help, Ask Question on Capacity - element of contract, Get Answer, Expert's Help, Capacity - element of contract Discussions

Write discussion on Capacity - element of contract
Your posts are moderated
Related Questions
Q. Exercising international rights and duties? Laws are the finest creation of human mind. They are intended not only to regulate our conduct and therefore our lives, but they

Method for Enactment of Laws: Whether the procedure to be followed in Parliament in order to enact Law is governed through Constitution and Orders 94-125 of National Assembly

Forms of action: A minority of shareholders or an individual shareholder suing under one of the above exceptions may institute one of the following actions i) A personal ac

SECURED CREDITORS: A secured creditor may: (a) realize his security and prove as an unsecured creditor for the balance (if any) of his debt; (b)value the security and prov

Question 1: What are the procedures that an employer should follow before he will dismiss a worker for misconduct? Question 2: Section 39 of the Labour Act provides fo

Variation of class rights of the preference shareholders: This was not a variation of class rights of the preference shareholders.  The company could resolve to go keen on liq

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

QUESTION 1 (a) Why is it that businesses are increasingly exposed to scrutiny and criticisms? (b) Discuss four strategies which can be adopted to respond to these criticisms

Termination of Arbitral Proceeding Although the Arbitral proceedings may be terminated in any of the giving ways as; Through the final award of the arbitrator Whether

Question: State whether the following statements are TRUE, FALSE or UNCERTAIN. Briefly (two or three paragraphs) give reasons for your answer. (a) There are no market fail