Determine what happens when capacity to contract fails

Based on this week’s textbook readings:
• Determine what happens when capacity to contract fails.
o Provide an example.
• Explain what unconscionable contracts means.
o Provide an example.
• Explain the statute of fraud.
• Identify exceptions to the parol evidence rule.
• Determine whether a five-year contract for accounting services is required to be in writing.
• Provide full citations and references, formatted according to Strayer Writing Standards (SWS).
o For assistance and information, please refer to the SWS link in the left-hand menu of your course.
Please respond substantively to at least one other classmate’s post. Choose to respond to those who have few or no responses.