Mental Capacity to Contract

Mental Capacity to Contract

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial explains the concept of mental capacity in contract law, highlighting that individuals must understand the nature of agreements they enter into. It identifies groups lacking this capacity, such as minors, mentally incompetent individuals, and those temporarily incapacitated, like intoxicated persons. Contracts with such individuals are voidable, meaning they can be invalidated if the individual regains capacity or decides against the contract. Understanding mental capacity is crucial for ensuring valid and enforceable contracts.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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