capacity to contract


capacity to contract
capacity to contract caˌpacity to ˈcontract noun [singular] LAW COMMERCE
someone's right or ability to be part of a legal contract, because there is nothing such as bankruptcy which legally prevents them

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capacity to contract UK US noun [S]
LAW if you have the capacity to contract, you have the ability or right to sign a legal agreement to show that you accept it: »

As far as age is concerned, a person who has reached 18 has the legal capacity to contract as an individual.


Financial and business terms. 2012.