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Contractual capacity in Egypt
an insane person has no contratual capacity once declared by a competent court. hid contractual transactions will be done by a guardian or anyone appointed by the court thereof.
The contract can be declared void. The party must either re-affirm the agreement when the do have contractual capacity or it remains void.
Answer: Minors may be beneficiaries of a trust.
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An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account
Yes
yes
The legal ability to enter into a contractual relationship.
yes
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account.