Legal Capacity in Contract Law Quiz

Test your knowledge on legal capacity in contract law with questions on minors, mental capacity, voidable contracts, and more. Explore key concepts now!

Practice Learn Test

Which of the following best defines legal capacity in contract law?

The ability to understand the terms of a contract

Being of a certain age to enter into a contract

Having the financial means to fulfill a contract

Being physically present to sign a contract

What is a minor's capacity to contract considered in most jurisdictions?

Void

Voidable

Valid

Irrelevant

Which of the following is a requirement for a contract to be considered valid?

Equal bargaining power

Mental capacity of the parties

Oral agreement

Verbal abuse

What is the legal age requirement for a person to have full contractual capacity in most jurisdictions?

Which of the following is NOT a factor that may affect a person's legal capacity to contract?

Educational background

Financial status

Marital status

Profession

What is the term for a contract where one party has no choice but to accept the terms offered by the other party?

Unilateral contract

Adhesion contract

Bilateral contract

Executed contract

In contract law, what is the term for a person who lacks the mental capacity to understand the consequences of their actions?

Sui juris

Incapacitated

Mentally unstable

Non compos mentis

Which of the following is a legal doctrine that allows a court to declare a contract void if one party was unduly influenced or coerced into entering it?

Doctrine of unconscionability

Doctrine of undue influence

Doctrine of capacity

Doctrine of consideration

In contract law, what is the legal term for a contract entered into by someone who lacks mental capacity and cannot understand the consequences of their actions?

Void

Voidable

Valid

Unenforceable

#10

Which of the following is NOT a typical requirement for legal capacity in contract law?

Being of sound mind

Being above a certain age

Being financially solvent

Being under the influence of drugs or alcohol

#11

What is the legal term for the ability to make decisions and understand their consequences in contract law?

Contractual competence

Mental capacity

Contractual capability

Cognitive understanding

#12

In contract law, which of the following is NOT typically considered a factor in determining mental capacity?

Level of education

Cultural background

Profession

Age

#13

Under what circumstance might a contract be deemed void due to incapacity?

If one party lacks the financial resources to fulfill the contract

If one party was intoxicated at the time of signing

If one party didn't fully understand the terms of the contract

If one party did not receive adequate consideration

#14

What term is used to describe a contract where one party knowingly takes advantage of the mental incapacity of another party?

Unconscionable contract

Incompetent contract

Duress contract

Insane contract

#15

In contract law, which of the following is a valid defense against the enforcement of a contract due to incapacity?

The party was under undue influence

The party was mistaken about the terms of the contract

The party was mentally incompetent at the time of contract formation

The party later changed their mind about the contract

#16

What principle in contract law implies that a party who knows or has reason to know that the other party is mistaken about a fact may not take advantage of that mistake?

Principle of capacity

Doctrine of undue influence

Doctrine of mistake

Doctrine of consideration

#17

Under what circumstance might a contract be deemed voidable due to incapacity?

If one party misunderstood the terms of the contract

If one party was under duress at the time of signing

If one party lacked the financial resources to fulfill the contract