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True or False 1 1 . A person who is of legal age and at least normal mental capacity is considered a competent person. 1
True or False
A person who is of legal age and at least normal mental capacity is considered a competent person.
A minor is considered emancipated and hence responsible for his or her contracts upon marriage.
A contract is always legal and enforceable if the parties are competent, and they have a mutual understanding.
prohibit all forms of gambling.
Environmental and safety regulations seldom act as a restraint of trade, even though they limit and restrict how a firm may operate.
A thirdparty beneficiary has a legal right to receive the benefits of a contract if it is the intent of the contract to benefit the third party.
Services of Artists, Musicians, Photographers, and Athletes can be assigned.
A contract can be terminated in accordance with the provisions of the contract itself.
Complete and satisfactory performance of a contract will bring about its termination.
A contract that is substantially performed may be discharged. Based upon the facts and circumstances of the contract.
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