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What is a sound mind for the purposes of contracting

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....mind for the purposes of contracting. 12. A person is said to be of sound mind for the purposes of making a contract if, at the time when he makes it, he is capable of understanding it and of formi....

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....sylum, who is at intervals of sound mind, may contract during those intervals. (b)        A sane man, who is delirious from fever or who is so drunk that he canno....