The legal ability to enter into a binding agreement is known as what?

A) Majority
B) Emancipation
C) Contractual knowledge
D) Contractual capacity
E) Informed consent

Contractual Capacity

Contractual capacity refers to the legal ability of a party to enter into a contract, generally requiring them to be of sound mind and of legal age.

Binding Agreement

A contract or deal between two or more parties that is legally enforceable in a court of law.

Legal Ability

The capability or qualification to engage in a legal task or to perform legal duties, often requiring specific knowledge or licensing.