Question
explain in simpler terms . Capacity and Legality
The parties must have the legal capacity to contract, meaning they are of sound mind, not minors, and not disqualified by law. Additionally, the contract’s purpose must be legal; agreements involving illegal activities are void and unenforceable .
The parties must have the legal capacity to contract, meaning they are of sound mind, not minors, and not disqualified by law. Additionally, the contract’s purpose must be legal; agreements involving illegal activities are void and unenforceable .
Answers
GPT-4o mini
Sure!
**Capacity** means that the people involved in the contract must be able to understand what they are doing and must have the legal right to make a contract. This usually means they are adults who are mentally competent and not prevented by law from making contracts.
**Legality** means that the reason for making the contract must be legal. If the contract is about something illegal, like selling drugs, it can't be enforced by law, which means it won't be considered valid.
In short, both the people and the purpose of the contract must be legal for it to be valid.
**Capacity** means that the people involved in the contract must be able to understand what they are doing and must have the legal right to make a contract. This usually means they are adults who are mentally competent and not prevented by law from making contracts.
**Legality** means that the reason for making the contract must be legal. If the contract is about something illegal, like selling drugs, it can't be enforced by law, which means it won't be considered valid.
In short, both the people and the purpose of the contract must be legal for it to be valid.