Question
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 ...Get Instant Access to Expert-Tailored Solutions
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
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