Question

What happens when a person lacks the legal capacity to enter into a contract?

a) The contract is void.
b) The contract is voidable.
c) The contract is enforceable.
d) The contract is valid.

Answer 1

When a person lacks the legal capacity to enter into a contract, the contract is voidable.

Step-by-step explanation:

When a person lacks the legal capacity to enter into a contract, the contract is voidable. This means that the contract is valid and enforceable, but the person who lacks legal capacity has the option to void or cancel the contract. The legal capacity to enter into a contract is generally determined by age and mental competence. For example, minors generally lack the legal capacity to enter into contracts, so any contract they enter into is voidable.