Examlex
Which of the following would an economist classify as capital?
Disaffirm Contract
The legal act of declaring a contract void and freeing all parties from their obligations under it.
Minor
A person under the legal age of majority, which varies by jurisdiction, typically considered to be under 18 years old, and legally restricted in certain rights and responsibilities.
Cognitive Test
An assessment tool designed to measure mental processes such as memory, reasoning, attention, and understanding.
Mental Capacity
is the ability of an individual to make informed decisions and understand the consequences of those decisions, legally considered in contexts like contracts and estate planning.
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