Which of the Following Is True of a Contract Where

question 26

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 only 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:

Indian Allotment Act

Refers to several U.S. laws that allowed for the division of tribal lands into individually owned parcels, significantly impacting Indigenous sovereignty and land ownership.

Intentions

Plans or objectives that one intends to accomplish or achieve, reflecting a person's motivation and purpose.

Consequences

The outcomes or results that follow directly from actions or decisions.

Racial Categories

Classifications of humans into groups based on physical traits, ancestry, genetics, or social relations, often used for demographic purposes but critiqued for reinforcing stereotypes.