katietinary6002 katietinary6002
  • 17-01-2022
  • Social Studies
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Consideration, offer and acceptance, legally competent parties, and reality of consent are essential elements of a contract. What is the fifth

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ogorwyne
ogorwyne ogorwyne
  • 31-01-2022

The fifth essential element of a contract is what is known as the capacity.

What is capacity?

This is the element that allows that party that is wanting to go into the contract to actually be able to enter into it.

The person that is wanting to enter a contract should be a person that has that capacity that is required to do so.

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