A contract is defined as statement between two or more parties which agrees to exchange promises between them and is enforceable by law. But a contract may does not have any outcome because of presence of an ineffective component which is of legal significance. In a specific occurrence, contract can be considered valid, void, voidable or unenforceable. A contract made by mentally disabled person and intoxicated person can be void. In general, it is a capacity of person to perform or produce or enforce contracts. When the law limits a person from engaging into a specified activity, any agreement to do so are either voidable or void for capacity. The law of capacity can serve either cautionary or can be way of holding back people who act agent for others.
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