Definition of Contractual capacity:
The legal capability to form a binding contract. A number of classes of people lack contractual capacity, and these include minors, the mentally challenged, those under the influence of an intoxicating substance and incarcerated convicts.
How to use Contractual capacity in a sentence?
- You should make sure that you can fully handle anything in the contractual capacity so that you keep your good business reputation.
- The contractual capacity of the agreement was firm as there was no more room for negotiations so the project proceeded as planned.
- The boy knew how to deliver the products the company wanted, but, unfortunately, he lacked the contractual capacity to work with them.
Meaning of Contractual capacity & Contractual capacity Definition