A person legally capable of entering a contract. They must be of legal age and not mentally incompetent or under the influence of intoxication.
A contract is a legally binding agreement that arises from an offer and acceptance, meeting certain legal criteria and compliance for enforceability.
A Friendly Suit is an action authorized by law, brought by agreement between the parties, to secure a judgment that will have a binding effect in cases where an agreement or settlement would not.
Incapacity refers to the lack of legal, physical, or intellectual power or ability to perform a task or make decisions. It is relevant in various legal contexts, such as contract law, where a person must have the capacity to enter into a binding agreement.
The age at which a person can enter into binding contracts or agree to other legal acts without the consent of another adult. In most states, the legal age, also called the age of majority, is 18 years.
