Business MCQ
Business Legal Studies
Which of the following elements of a contract refers to the mental ability of a person to understand his or her rights and obligations under a contract and comply with the terms?
Which of the following elements of a contract refers to the mental ability of a person to understand his or her rights and obligations under a contract and comply with the terms?
Which of the following elements of a contract refers to the mental ability of a person to understand his or her rights and obligations under a contract and comply with the terms?
A) Fair consideration
B) Recognizance
C) Legal capacity
D) Agreement
Answer: C
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