Which individual would not necessarily be characterized by a restricted capacity to contract?

A retired person would not necessarily be characterized by a restricted capacity to contract because age alone does not dictate an individual's ability to enter into contracts. In most jurisdictions, including Mississippi, individuals who are of legal age, typically 18 years or older, possess the full capacity to contract unless there are other underlying factors affecting their ability, such as mental incapacity or being under the influence of substances.

In contrast, a business owner has the capacity to contract but may have obligations and constraints based on the legal structure of their business. A minor typically has a restricted capacity because contracts with minors are often voidable at the minor's discretion to protect their interests. Likewise, a student can also be a minor or have other restrictions placed upon them depending on their age and circumstances. Therefore, a retired person stands out as someone who can engage freely in contracts, assuming they are otherwise competent and not restricted due to other legal issues.