Photo AI

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 icon

Question 7

List-two-grounds-under-the-Law-of-Contract,-where-a-person-has-the-Capacity-to-Contract-(i.e-Leaving Cert Business-Question 7-2015.png

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)

96%

114 rated

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)

99%

104 rated

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.

Join the Leaving Cert students using SimpleStudy...

97% of Students

Report Improved Results

98% of Students

Recommend to friends

100,000+

Students Supported

1 Million+

Questions answered

;