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Can a 97 year-old great-grandfather entered into a contract for the purchase of real estat get out of the contract before he dies and before money changes hands?
Wiki User
∙ 14y ago
IF he has the legal capacity to enter into a contract the other party may enforce it. If he did not have the legal capacity to enter a contract then the other party should be apprised of the situation. You should consult with an attorney in your area ASAP.
Legal capacity:
- Capacity relates to soundness of mind and to an intelligent understanding and perception of one's actions. It is the power either to create or to enter into a legal relation under the same conditions or circumstances as a person of sound mind or normal intelligence would have the power to create or to enter.
- A person of normal intelligence and sound mind has the capacity to dispose of his or her property by will as he or she sees fit.
- An individual under duress lacks the capacity to contract.
Wiki User
∙ 14y ago
It would depend on the specifics of the contract and the laws in the jurisdiction. In general, a 97-year-old great-grandfather can potentially get out of the contract if there are provisions for cancellation or if there are legal grounds for voiding the contract, such as lack of capacity. It is advisable to consult a lawyer for guidance in this situation.
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