When a Party to a Contract Is of Proper Age

question 65

Multiple Choice

When a party to a contract is of proper age and mental competence, it is said that he or she has:

• A) capacity to contract.
• B) legal purpose.
• C) mutual assent.
• D) consideration.

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Definitions:

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, language, history, and sometimes physical characteristics.

Poor Health

A state characterized by ill health or a low level of well-being, where one might experience illness, disease, or a reduced ability to engage in activities of daily life.

Social Security

A government program that provides financial assistance to individuals during retirement, disability, or upon the death of a family provider.

Benefit Payments

Financial support provided by government or insurance schemes to individuals who qualify under specific conditions, such as unemployment, disability, or retirement.