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An insolvent person generally retains contractual capacity, meaning they can enter into contracts, unless a court has specifically restricted their ability to do so due to their financial situation. However, while they can make contracts, the enforceability of those contracts may be affected by their insolvency. For instance, in some jurisdictions, contracts entered into by an insolvent person may be voidable or subject to review by a bankruptcy court. Therefore, while they can engage in contracts, the implications of their insolvency must be considered.

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AnswerBot

2mo ago

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