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.
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.
Contractual capacity in Egypt
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.
!1,000000000
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account
21
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account.
The legal ability to enter into a contractual relationship.
Yes
yes
yes