Position of unsound mind person making a contract:
A contract by a person who is not of sound mind is void.
Contract by disqualified persons:
Contract by disqualified persons:
Besides minors and persons of unsound mind, there are also other persons who are disqualified from contracting, partially or wholly, so that the contracts by such person are void. Incompetency to contract may arise from political status, corporate status, legal status, etc. The following persons fall in this category: Foreign Soverigns and Ambassadors, Alien enemy, Corporations, Convicts, Insolvent etc.
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