If Either Party Entering a Contract Lacks the Capacity to Contract

question 44

True/False

If either party entering a contract lacks the capacity to contract, the contract is void or voidable, depending on the kind of incapacity involved.

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Definitions:

Place of Delivery

The specified location where goods are to be delivered as per the terms of a contract.

Goods

Physical, tangible products or merchandise that can be used, sold, or exchanged.

United Nations Convention

An international agreement formed under the United Nations' auspices, often addressing issues of global concern.

International Sale of Goods

The sale transaction of goods between parties located in different countries, governed by specific legal frameworks and treaties.