Who among the following is NOT considered to have legal capacity to contract?

The concept of legal capacity to contract refers to the ability of an individual to enter into a binding agreement or contract. Fundamental to this concept is the understanding that certain individuals may lack the mental competence or legal standing necessary to form valid contracts.

In this context, individuals who are denied reason at the time of contracting are indeed considered to lack legal capacity. This is because a person must be able to understand the nature of the contract and its implications in order to enter into it legally. If someone is not of sound mind—whether due to mental illness, intoxication, or another reason—they cannot provide informed consent, invalidating any contract they attempt to enter into.

On the other hand, individuals listed in other choices possess various levels of legal capacity. Emancipated minors have undergone a legal process to be recognized as adults for certain purposes, allowing them to contract. Adults over the age of 18 are generally presumed to have full legal capacity. The capacity to manage one's finances does not directly relate to the ability to contract; it is more about the practical skills one may have in financial matters and may not exclude someone from being able to enter contracts if they are otherwise competent.

Thus, the presence of a lack of reason at the time of entering a contract