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Definitions for "CAPACITY OF PARTIES"
Keywords:  competent, underage, insane, intoxicated, incompetent
Related Terms: Competent parties, Promise, Retainer agreement, Null and void, Breach of covenant, Valid contract, Rescission of contract, Quasi-contract, Voidable contract, Unenforceable contract, Contracts, Agreement, Contract , Meeting of minds, Negative covenant, Unenforceable, Premarital agreement, Voidable, Privity of contract, Compromise agreement, Executory, Anticipatory breach, Breach of contract, Restrictive covenant, Oral agreement, Executory contract, Non-disclosure agreement, Accord and satisfaction, Condition, Unilateral contract, Undertake, Voluntary arrangement, Implied contract, Covenant not to compete, Quasi contract, Consideration, Covenant, Agreement, Stipulate, Grant agreement, Obligation, Void contract, Separation agreement, Marital settlement agreement, Pre-nuptial agreement, State party, Covenants, Lease agreement, Nondisclosure agreement
One of the requirements for a valid contract. Parties with less than full capacity include minors, the mentally insane, and those who are intoxicated.
mgmfinancial.com
All parties entering into a contract must be legally competent to enter into a contract
greatercalgaryrealestate.com
Legal competence of parties to be held responsible for the terms of a contract or agreement. Underage or mentally incompetent people do not have legal capacity.
bobvila.com
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