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Essay's paper body

Determining how good a bargain is becomes the responsibility of the

parties involved. Otherwise, the courts would be in the impossible position of

having to appraise the relative value of millions of promises made every year.

Competence

For a contract to be enforceable it must be between competent parties...

A

contract with a person who has been adjudicated insane is likely to be declared

void. A contract involving a minor--in most states of the United States a minor

is now a person under 18--may be enforced or voided by the minor, unless the

contract is for necessities such as food, lodging, or medical services, in which

case he or she may be held responsible for the reasonable value of what was

purchased...

General points of the essay

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