Adrian and Darah Entered into a Contract

question 56

Multiple Choice

Adrian and Darah entered into a contract. After the agreement was partially performed, Adrian successfully claimed that the contract is voidable. Which of the following statements may be TRUE?

• A) Adrian, who is an Aboriginal living on reserve land, had created a contract to sell that land to Darah.
• B) Adrian, who is 17 years old, created a contract to obtain life- saving medical services from Darah.
• C) Adrian, who is 17 years old, had created a contract to purchase a set of computer games from Darah.
• D) Adrian, who has been declared mentally incompetent by a judge, created a contract to purchase food and shelter from Darah.
• E) Adrian, who is an Aboriginal living in Toronto, created a contract to purchase recreational sporting goods from Darah.

Explore the concept of regret and its relationship with actions and inactions over the lifespan.

Analyze the characteristics and consequences of fundamental attribution error in social perception.

Distinguish between entity and incremental mindsets and their implications for self-perception and performance.

Understand the concept of fundamental attribution error and its influencing factors.

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Definitions:

Long-term Businesses

Companies or enterprises engaged in operations with the aim or expectation of continuing for many years into the future.

LLLP

A limited liability limited partnership, a type of partnership where some partners have limited liability (similar to limited partners in an LP) while also having the ability to participate in management.

General Partner

A general partner is an owner of a partnership who has unlimited liability and is typically involved in the day-to-day management of the business.

Share of Profit

An individual's or entity's portion of the net profits derived from a business venture, investment, or partnership.