If a Person Is Adjudicated Insane and Placed in Care

question 57

True/False

If a person is adjudicated insane and placed in care of a guardian,that person's contracts are void.

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Definitions:

Aggregate Interest

The total amount of interest payable or receivable over the life of a loan or investment.

Convicted

A legal finding that someone is guilty of a crime after a trial or through a guilty plea.

Felony

A serious criminal offense, typically punishable by a sentence of one year or more in prison, as opposed to smaller misdemeanors.

Bankruptcy Law

A legal framework governing the process through which individuals or entities unable to meet their financial obligations can seek relief from some or all of their debts.