Which element of a legal contract requires that each party be of legal age, mentally competent, and not under the influence of drugs or alcohol?

a.Competent parties
b.Offer and acceptance
c.Legal purpose
d.Consideration

Giải thích

The competent parties element requires that everyone entering the contract have the legal capacity to do so, meaning they are of legal age, of sound mind, and not intoxicated. Legal purpose requires that the contract not be for an illegal aim. Consideration is the value exchanged. Offer and acceptance is the mutual agreement (the meeting of the minds). A contract entered by an incompetent party may be voidable, which is why capacity is a required element.

Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.

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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)
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