List two grounds under the Law of Contract, where a person has the Capacity to Contract (i.e - Leaving Cert Business - Question 7 - 2015
Question 7
List two grounds under the Law of Contract, where a person has the Capacity to Contract (i.e. to enter into a legal contract).
(i)
(ii)
Worked Solution & Example Answer:List two grounds under the Law of Contract, where a person has the Capacity to Contract (i.e - Leaving Cert Business - Question 7 - 2015
Step 1
(i)
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Answer
The individual must be over 18 years of age. This age requirement ensures that the person is legally recognized as an adult and thus has the legal capacity to enter into a contract.
Step 2
(ii)
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Answer
The individual must not be under the influence of alcohol or drugs at the time of entering the contract. This ensures that the person is able to understand the nature and consequences of the agreement.
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