Examlex
Sunjai, who is functionally illiterate, asks her friend Hahna to read a document aloud to her. She is to sign it in order to purchase chinchillas from Patrice to start a breeding farm. Actually it is a deed transferring ownership of Sunjai's farm to Patrice and, unknown to Sunjai, Patrice and Hahna have made a secret agreement to sell the farm and share the proceeds. Since Sunjai did what was reasonable to deal with her own inability to read, she could raise the defence of non est factum to an action by Patrice to get possession of the farm.
Acceptance
In contract law, the agreement by a party to the terms of an offer, forming a contract.
Capacity
In legal terms, the ability to understand the nature and effects of one's actions, specifically in forming contracts or executing wills.
Assignable
Refers to the capability of transferring rights or interests in a contract or financial instrument to another party.
Revoked
The act of officially canceling or rescinding a legal right, license, permission, or privilege.
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