Business Studies, asked by saumya8468, 11 months ago

What do you understand by contractual capacity?

Answers

Answered by ItzCuteChori
1

\huge{\boxed{\red{\boxed{\mathfrak{\pink{Answer}}}}}}

Contractual capacity is an individual's faculty to sign binding contracts with other parties either for himself or on behalf of a third party. It is a legal competence to step into an agreement.

Answered by saumyasinha135
2

Explanation:

It is ability of a person to enter into a contract. The minimum mental capacity the law requires to bind a party who enters into a contract.

Mark as brainliest

Similar questions