- capacity to contract
n.The age and mental acuity necessary to enter a binding contract.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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capacity to contract — caˌpacity to ˈcontract noun [singular] LAW COMMERCE someone s right or ability to be part of a legal contract, because there is nothing such as bankruptcy which legally prevents them * * * capacity to contract UK US noun [S] ► LAW if you have the … Financial and business terms
capacity — ca·pac·i·ty n pl ties 1: a qualification, power, or ability (as to give consent or make a testament) created by operation of law 2: an individual s ability or aptitude; esp: mental ability as it relates to responsibility for the commission of a… … Law dictionary
Contract — law … Wikipedia
capacity defense — Generic term to describe lack of fundamental ability to be accountable for actions, as one under duress lacks the capacity to contract and hence when sued on such contract he interposes defense of lack of capacity. Similarly, a child accused of… … Black's law dictionary
contract — A legally binding agreement. Agreement arises as a result of an offer and acceptance, but a number of other requirements must be satisfied for an agreement to be legally binding: • there must be a consideration (unless the contract is by deed); • … Accounting dictionary
contract — A legally binding agreement. Agreement arises as a result of an offer and acceptance, but a number of other requirements must be satisfied for an agreement to be legally binding: • there must be a consideration (unless the contract is by deed); • … Big dictionary of business and management
Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations … Catholic encyclopedia
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… … Encyclopedia of Judaism
Contract farming — is agricultural production carried out according to an agreement between a buyer and farmers, which establishes conditions for the production and marketing of a farm product or products. Typically, the farmer agrees to provide established… … Wikipedia