Multiple choice

Competent parties

  1. Know better than to commit torts, not "presumed negligent"

  2. Are not held liable as there's no need for 4-part test

  3. "Reasonable" persons that can be held accountable by law

  4. Meeting of the minds, agreeing on contract terms
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Competent parties are individuals who have the legal capacity to enter into a contract, meaning they are recognized by law as being able to understand their actions and be held accountable. Option D defines mutual agreement, while options A and B relate to tort liability rather than contractual capacity.

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