Understanding Contract Legality and Capacity
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Learn the four requirements for a valid contract and how legal capacity affects your deals. Understand when you can legally walk away from an agreement.
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Video Transcript
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You can legally ghost a contract just because you were too drunk when you signed it.
It is called lacking capacity and it is a total loophole. For a deal to actually stick,
you need four specific things: a clear offer, acceptance, something of value
being swapped, and it has to be legal. That means if you hire a hitman and
they take your cash without doing the job, you cannot sue them because the contract
itself was illegal. Watch out for unilateral contracts too, like a lost dog poster.
If someone finds that dog, you legally have to pay that reward money.
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