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Final answer:
A competent party in a contract must be mentally competent, not under the influence, and of legal age. Completion of secondary education is not a necessary condition for competence in a contract.
Explanation:
A competent party in a contract needs to meet certain criteria to be considered legally eligible. To be competent, a person must be mentally competent, not under the influence of drugs or alcohol, and of legal age. However, having completed secondary education is not a requirement for competency in a contract.
Learn more about Contract Law here:
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