Which of the following is true of a contract where one of the parties is insane but not adjudged insane?
A) The contract is only voidable by the competent party.
B) The contract is only voidable by the insane person.
C) Only the court appointed legal guardian to the insane person can modify contracts.
D) The non-insane person must be placed in status quo if the insane person voids the contract.

Question

Quizplus · Accepted Answer

If a person is insane but not adjudged insane, the contract is voidable at the option of the insane person, meaning they have the right to affirm or void the contract.

Which of the Following Is True of a Contract Where