​A Contract Is Valid Only If Both of the Parties

question 25

True/False

​A contract is valid only if both of the parties entering into it have the capacity to do so.

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Definitions:

Conservation

The preservation and protection of natural resources, environments, and wildlife.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed in infancy.

Irreversibility

The concept that some processes or actions cannot be undone or reverted to their original state.

Assimilation

The process by which new information is taken in and incorporated into one's existing cognitive structures and schemas.