Which of the Following Is True of a Contract with an Adjudged

question 52

Multiple Choice

Which of the following is true of a contract with an adjudged insane person?

• A) The adjudged insane person is bound by the terms of the contract.
• B) Such a contract is void.
• C) Only the competent party can enforce the contract.
• D) The competent party is legally obligated to uphold the contract.

---

Definitions:

Strike

An action of unionized employees in which they (1) discontinue working for the employer and (2) take steps to prevent other potential workers from offering their services to the employer.

Product Market

The marketplace where final goods or services are traded, allowing businesses to sell their products directly to consumers or users.

Labor Market

The supply and demand for labor, where employers seek to hire workers and workers seek employment, influencing wages and employment levels.

Product Market

A commercial space where end products or services are presented to individuals, companies, and government entities.