Capacity to Contract Means

question 35

Multiple Choice

Capacity to contract means

• A)the ability to make an offer or accept an offer.
• B)the competence to enter into a legally binding contract.
• C)the ability to pay damages in the event of a breach of contract.
• D)the ability to make a promise.
• E)the ability to comprehend the terms of a contract.

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Definitions:

Organization

An entity comprising multiple individuals working together towards common goals or objectives, often structured with a specific hierarchy and rules.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various methods such as teaching, training, and research.

Scientific Process

A systematic and empirical approach to research in which the researcher generates a hypothesis, collects data through observation and experimentation, and then analyses the data to draw conclusions.

Developing Theory

Refers to the ongoing process of creating, testing, and refining concepts and propositions that aim to explain phenomena within a certain field.