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of <h1>Understanding Contractual Capacity: Age, Sound Mind, and Legal Disqualifications Under Indian Contract Act, 1872</h1> Every individual is competent to contract if they have reached the age of majority as per the applicable law, possess a sound mind, and are not disqualified from contracting by any relevant legal provisions. This competency is outlined in the Indian Contract Act, 1872, which establishes the basic criteria for entering into legally binding agreements, ensuring that parties have the legal capacity to understand and fulfill contractual obligations.
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