/kənˈtræktʃuəl kəˈpæsɪti/ – Phrase
Definition: năng lực pháp lý và hành vi hợp đồng.
A more thorough explanation: Contractual capacity refers to a person’s legal ability to enter into a contract and be bound by its terms. This capacity is typically determined by factors such as age, mental competence, and legal status. In order for a contract to be valid, all parties involved must have the necessary contractual capacity to understand the terms of the agreement and to consent to its terms.
Example: The minor lacked the contractual capacity to enter into a binding agreement.