The parties entering into a contract should also be competent to contract, i.e., they must have the legal capacity to do so. Mei Pheng, Lee, Detta, Ivan Jeron, Business Law, Second Ed., Selangor:

The parties entering into a contract should also be competent to contract, i.e., they must havethe legal capacity to do so.Mei Pheng, Lee, Detta, Ivan Jeron, Business Law, Second Ed., Selangor: OxfordUniversity Press, p.74.Give your comments on the above statement.