Examlex
Americans often equate "bigger" with "better," and prefer larger cars, TV screens, homes, even meals. Researchers suspect that in doing so, we are trying to reduce ________ risk in the consumer decision process.
Contractual Capacity
The legal ability to enter into contracts; the threshold mental capacity required by law for a party who enters into a contract to be bound by that contract.
Valid Contract
An agreement between parties that meets all legal requirements and is enforceable by law.
Minor
A minor is a person who is under the legal age of majority, typically under 18 years old in many jurisdictions, and is restricted from certain legal rights and responsibilities.
Legally Bound
Obligated by law to act in accordance with an agreement.
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