Which of the following is not one of the types of contractual Capacity that can make a contract voidable? Select one: O a. minor O b. mental competency O C. intoxication O d. serious intent
Which of the following is not one of the types of contractual Capacity that can make a contract voidable? Select one: O a. minor O b. mental competency O C. intoxication O d. serious intent
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Which of the following is not one of the types of contractual Capacity that can make a contract voidable?
Select one:
O a.
minor
O b. mental competency
O C. intoxication
O d.
serious intent
Expert Solution

Step 1
The contract is formed between two parties when they agree upon certain guidelines and actions to be taken. The agreement must be made in legal form so that any unethical act may terminate it. The termination could be based upon breach of contact, with concent of parties, or by legal decisions. Thus, contract law guidelines overall contract formation and its execution by providing rights to both parties.
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