Certain Persons Cannot Make Contracts That Will Bind Them

question 24

True/False

Certain persons cannot make contracts that will bind them.

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Definitions:

Conduct of Parties

The actions, behavior, and decisions of those involved in a legal agreement or dispute, which might influence the outcome.

Agent's Authority

Refers to the scope of power granted to an agent by the principal, allowing the agent to act on behalf of the principal in specific matters.

Principal

In law and finance, the amount of money originally invested or loaned, before interest.

Partner's Liability

The legal responsibility shared by partners in a partnership to cover the business's debts and obligations.