When two people enter into a contract, six elements must be met. Those elements include:

When two people enter into a contract, six elements must be met. Those elements include:

• Offer that specifically details exactly what will be provided
• Acceptance (the agreement by the other party to the offer presented)
• Consideration (the money or something of interest being exchanged between the parties)
• Capacity of the parties in terms of age and mental ability
• Intent of both parties to carry out their promise
• The object of the contract is legal and not against public policy or in violation of law

The element we will focus on is capacity, and it means a person's legal ability to enter into a contract. To best explain who can enter into a contract, let's use some examples of who is forbidden to enter into a contract.