'Capacity to contract' is the ability of a person to enter into a legal contract - Leaving Cert Business - Question 5 - 2011
Question 5
'Capacity to contract' is the ability of a person to enter into a legal contract. List three situations where a person does not have capacity to contract.
(i)
(ii)... show full transcript
Worked Solution & Example Answer:'Capacity to contract' is the ability of a person to enter into a legal contract - Leaving Cert Business - Question 5 - 2011
Step 1
persons under 18 (except for everyday items such as food, clothes)
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Individuals who are below the age of 18 generally do not have the legal capacity to enter into contracts, except for necessities.
Step 2
persons under the influence of alcohol/drugs
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Individuals who are intoxicated or impaired by drugs may lack the capacity to fully understand the nature and consequences of the contract, rendering it unenforceable.
Step 3
bankrupt persons
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Individuals who are declared bankrupt often have restricted ability to enter into certain contracts due to their financial status and legal constraints.
Join the Leaving Cert students using SimpleStudy...
