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17 August, 07:27

Which terms designates the legal ability of a party to enter into a contract?

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  1. 17 August, 10:00
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    Since, the options have not been given the question is incomplete. The complete question is as follows.

    Which of the following terms designates the legal ability of a party to enter into a contract?

    A) Consent

    B) Affirmation

    C) Materiality

    D) Capacity

    Answer: D) Capacity

    Explanation:

    The legal capacity can be defined as the ability of the person or party to legally enter into a contract. In the legal capacity, the person or property is entitled to get the specific details of the contract, acceptance or a kind of agreement of contract, consideration, and which will involve the material of interest that can be exchanged between the two parties and commitment of both parties or single person related to the contract.
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