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9-02 Parties

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CHAPTER 9-02PARTIES9-02-01.Persons capable of contracting.All persons are capable of contractingexcept minors and persons of unsound mind.9-02-02. Minors and persons of unsound mind. Minors and persons of unsound mindhave only such capacity as is specified in statutes relating to such persons.9-02-03. Identity of parties essential to validity. It is essential to the validity of thecontract, not only that the parties should exist, but that it should be possible to identify them.9-02-04. Third-party beneficiary may enforce contract. A contract made expressly forthe benefit of a third person may be enforced by that person at any time before the parties<br>thereto rescind it.Page No. 1Document Outlinechapter 9-02 parties