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Simple English definitions for legal terms
capax negotii
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A quick definition of capax negotii:
Term: CAPAX NEGOTII
Definition: Capax negotii means that a person is capable of entering into a contract or transacting business. It refers to someone who has the ability to make deals and agreements with others.
A more thorough explanation:
Capax negotii is a Latin term that means "capable of entering into a transaction." It is used to describe a person who has the legal capacity to enter into a contract or transact business.
- A person who is of legal age and sound mind is capax negotii and can enter into a contract.
- A corporation is also capax negotii and can transact business on its own behalf.
For example, if a person wants to buy a car, they need to enter into a contract with the seller. The buyer must be capax negotii to enter into a legally binding agreement. Similarly, a corporation can enter into a contract with another company or hire employees because it is also capax negotii.