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If a Person Is Insane at the Time of Signing

question 88

True/False

If a person is insane at the time of signing a contract,but has not been adjudged insane,that contract is voidable.


Definitions:

Captive Finance Company

A financial institution created by a company to provide loans and financial services exclusively to its customers.

Credit Extension

The act of providing a loan or increasing the credit limit available to a borrower, often by a financial institution.

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