dentify the true statements regarding contractual capacity. (Check all that apply.) Multiple select question. In most cases, an agreement involving a mentally incompetent person is either void or voidable. Capacity to contract becomes an issue only when contracts are made between friends. A court could nullify a contract if a party were sufficiently intoxicated when the contract was formed. Adults who are parties to contracts with minors are not bound by them and have the power to disaffirm the contract