What is the significance of the age of majority in relation to legal contracts? a. People below the age of majority can directly enter into lawful contracts. b. Mentally incompetent persons need to achieve the age of majority in order to enter into a legal contract. c. It is the age above which people of capacity can enter into a legal contract. d. Minors who have entered the age of majority require his or her parents or guardian's consent to enter into a legal contract with adults.

c. It is the age above which people of capacity can enter into a legal contract.

Explanation:

The age of majority gives individuals the right to enter into legal contracts after attaining a specific age. It provides that an individual who is above the age of majority is competent enough to enter into legal contracts upon his/her own will.In most cases, 18 years of age is considered as the age of majority. It signifies adulthood and thus, provides the right to individuals to enter into legal contracts freely.