Asked by Kaila Martinez on May 30, 2024
Verified
In general,contracts made by mentally impaired persons:
A) can sometimes be ratified.
B) are unconditionally void.
C) are unconditionally voidable.
D) are voidable only if they involve necessaries.
Mentally Impaired
Describes a condition where an individual's cognitive, emotional, or social abilities are significantly reduced compared to normative levels, potentially impacting their decision-making capacity.
Ratified
An action making an agreement officially valid after all parties involved have given their formal approval.
Voidable
A term used to describe a legal agreement or transaction that can be validated or invalidated at the discretion of one of the parties involved.
- Identify the distinctions among void, voidable, and legally binding contracts in the context of mental competence and alcohol influence.
Verified Answer
Learning Objectives
- Identify the distinctions among void, voidable, and legally binding contracts in the context of mental competence and alcohol influence.
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