Capacity Of Parties

Business, Legal & Accounting Glossary

Definition: Capacity Of Parties


Capacity Of Parties


Full Definition of Capacity Of Parties


A valid contract requires that all parties be legally able to enter into the agreement. Capacity of parties is one of the requirements for a valid and binding contract. Minors, the mentally insane, and persons who are under the influence are not considered to be of legal capacity to enter into a contract.


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Capacity Of Parties. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/capacity-of-parties/.
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Capacity Of Parties. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/capacity-of-parties/ (accessed: March 29, 2024).
American Psychological Association (APA):
Capacity Of Parties. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/capacity-of-parties/

Definition Sources


Definitions for Capacity Of Parties are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.