SECTION E  Read the following extract and then answer the question below As a business law lecturer, you find your students arguing about contractual capacity. One  student argues that any person is allowed to enter into a valid contract and the other one says it is  mandatory that only people with full contractual capacity are allowed to enter into a valid  contract. When you ask them what is meant by contractual capacity, they fail to give you an  answer. Describe contractual capacity pointing out categories of those who suffer due to lack of  contractual capacity

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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SECTION E 
Read the following extract and then answer the question below
As a business law lecturer, you find your students arguing about contractual capacity. One 
student argues that any person is allowed to enter into a valid contract and the other one says it is 
mandatory that only people with full contractual capacity are allowed to enter into a valid 
contract. When you ask them what is meant by contractual capacity, they fail to give you an 
answer. Describe contractual capacity pointing out categories of those who suffer due to lack of 
contractual capacity 

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