Which of the Following Is True of a Contract Where

question 79

Multiple Choice

Which of the following is true of a contract where one of the parties is insane but not adjudged insane?

• A) The contract is voidable by the competent party.
• B) The contract is only voidable by the insane person.
• C) Only the court appointed legal guardian to the insane person can modify contracts.
• D) The non-insane person must be placed in status quo if the insane person voids the contract.

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Definitions:

Appellant

A party who appeals a court's decision, seeking a review and reversal from a higher court.

Environmental Protection Agency

A federal agency tasked with protecting human health and the environment through the creation and enforcement of regulations.

Independent Agency

A government body that operates independently of the executive branch and is tasked with regulating certain aspects of the economy or society.

Mediator

A neutral third party who assists in negotiations and conflict resolution between disputing parties.