who can enter into a contract
What is the Capacity of Parties to enter into a Contract? In common law, the capacity of parties to enter into a contract is an important element that determines the validity and enforceability of the contract. Capacity refers to the legal ability of a person or entity to enter into a binding agreement. There are certain requirements that must be met in order for parties to have the capacity to enter into a contract. In Pakistan, the Contract Act, 1872 governs the formation and enforcement of contracts. Section 10 of the Act states that every person is competent to contract if he is of the age of majority, is of sound mind, and is not disqualified from contracting by any law to which he is subject. Age of Majority: According to Pakistani law, the age of majori...