SECTION E [25 MARKS] Read the following extract and then answer the question below.

As a business law lecturer, you find your students arguing about contractual capacity. One student argues that any person is allowed to enter into a valid contract and the other one says it is mandatory that only people with full contractual capacity are allowed to enter into a valid contract. When you ask them what is meant by contractual capacity, they fail to give you an answer. Describe contractual capacity pointing out categories of those who suffer due to lack of contractual capacity