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Customers opening current accounts and borrowers must have the capacity to contract or else the banker-customer contract is void. Explain what is meant by capacity

“Customers opening current accounts and borrowers must have the capacity to contract or else the banker-customer contract is void”.

Explain what is meant by “capacity to contract” in the context of this case. 

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Capacity to contract Capacity to contract means the ability or competence of one party to enter into ... blur-text-image

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