A person lacks contractual capacity if:
A) the person is a chronic alcoholic.
B) the person is a drug addict.
C) because of mental impairment, the person does not comprehend that a contract is being made or understand its consequences.
D) the person is a minor.
Correct Answer:
Verified
Q31: A minor cannot avoid a contract that
Q32: An agreement is not binding when:
A) one
Q33: Judy, a widow, just sold a piece
Q34: A claim of undue influence will be
Q35: Assume Harvey buys a bull from Mike
Q37: A finding of undue influence would most
Q38: As a general rule, the nondisclosure of
Q39: Contractual capacity is the ability to:
A) read
Q40: Jose visited a garage sale and found
Q41: A young stockbroker was rather overwhelmed by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents