In Order to Avoid a Contract on the Basis of Insanity,a

question 143

True/False

In order to avoid a contract on the basis of insanity,a party must have been adjudged insane.

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Definitions:

Terminal Values

The ultimate goals or ends that an individual seeks in life, which guide his or her behavior and decision-making.

Broad-Mindedness

The quality of being open to different ideas, arguments, and cultures, showing willingness to consider diverse perspectives.

Family Security

The feeling of safety, stability, and well-being among family members, often achieved through emotional support, financial stability, and a supportive home environment.

Mailbox Rule

A legal doctrine asserting that acceptance of an offer becomes effective, and thus establishes a contract, when the acceptor places the communication of acceptance in the postal system.