Definition: A party to a contract who possesses the legal capacity to enter into a binding contract.
Pronunciation: \ˈkäm-pə-tənt\
Used in a Sentence: The elderly owner was deemed competent to sign the contract for the sale of his property.
Most Popular Courses
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FL 63-HR Real Estate Online Course (Video On-Demand)
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Upcoming 63-Hour License Class Schedule
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Florida Real Estate Branding Strategies
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2025 Forecast: Top 9 Markets in Florida
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