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  3. Capacity

Exam term

Capacity

Legal ability to enter a contract. An adult who understands the transaction generally has it; a poor bargain alone does not show incapacity.

Lessons that use this term

  • Elements of a valid contract and contractual capacity California
  • Essentials of a valid contract Florida
  • Essential elements of a valid contract Texas

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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