Mental Capacity Requires an Individual to Be at Least 21

question 148

True/False

Mental capacity requires an individual to be at least 21.

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Definitions:

Incidental Beneficiary

A person who gains a benefit from a contract between two other parties, but whose benefit was not the reason the contract was created.

Wage Earner's Assignment

A legal agreement allowing for the voluntary deduction of money from an employee's wages to pay off debts.

Statutes

Laws established by legislative bodies at local, state, or federal levels.

Future Wages

The earnings an individual is anticipated to make in the future, sometimes considered in legal judgments or financial planning.