Which Types Of Persons Who Are Presumed To Have No Capacity To Enter Into A Binding Contract? As a legal matter, there are certain classes of people who are presumed to have no capacity to contract. These include legal minors, the mentally ill, and those who are intoxicated. If people meeting these criteria enter into
What Do You Understand By Capacity Of Parties Under Contract Act 1872? Capacity to contract means a party has the legal ability to enter into a contract. … Someone’s capacity is determined by whether or not they have reached the age of majority and if they are mentally capable of understanding the applicable contract terms.
When All Agreements May Become Contracts Explain? When agreement becomes Contract An agreement becomes a contract when it is enforceable by law (Section 2(h) of Indian Contract Act). In other words, an agreement that the law will enforce is a contract. The conditions when an agreement will enforce are given in Section 10 of Indian