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Capacity - Element of Contract
Capacity to Contract
However 'capacity' may be described like the legally documented right of a person to enter with a legally binding agreement. Since the law of contract limits in varying that degrees the contractual capacity of the subsequent persons as;
a) Infants or minors, and one is
b) Drunken persons and persons about unsound mind,
c) Corporations.
d) Undischarged bankrupts.
Read Fateh Muhammad v Commissioner of Registration [2001] 2 HKLRD 659 which can be found in the westlaw HK website of our library database in which there is a summary of what the c
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what kind of thing should an analyst keep in mind when evaluating financial statements?
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