Persons of unsound mind are considered incompetent to make binding contracts because they are assumed to lack the mental capacity to safeguard:
A) other's interests.
B) administrative affairs.
C) their own affairs.
D) political affairs.
Correct Answer:
Verified
Q23: With regard to minors' contracts, silence or
Q37: The nature of a contract for necessaries
Q38: Disaffirmance may be done by the minor:
A)
Q40: If a reasonable period of time passes
Q41: Is a contract made by a person
Q42: Explain and elaborate on the following statement:
Q43: A minor can be held liable if
Q44: Describe competent parties, and how they relate
Q46: Are mentally incompetent persons eligible to enter
Q47: In a contract between a minor and
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