Mental Illness

Incompetent
In the context of law, an incompetent individual is one who is not legally capable of completing a contract. This includes the mentally ill, minors, and others considered incapable. In a personal context, incompetence refers to an individual who is poorly suited to perform the required work.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.