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Business Law: Contractual Capacity (Case Study Sample)
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Law of Contract: Questions and Answers Name Course Institution Date of Submission Law of Contract: Questions and Answers 12.1 Contractual Capacity None of them is correct. For any contract to take effect, certain essential elements must be fulfilled. These essential elements include the contractual capacity, consideration, offer, acceptance, mutual consent, sufficiency; the purpose of the contract should be lawful with parties intending to form a legal relationship during and after the process of the contract, and the form of the contract must be legally binding. Whenever one of the essential elements is missing, the contract becomes invalid (Frey & Frey, 2001). In this scenario, the contract was invalid as there was no contractual capacity in entering such contract. Jam...
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