Which of the Following Contracts Is Void

question 73

Multiple Choice

Which of the following contracts is void?

• A) A contract with an insane person for a TV, where the insane person, or his legal representative, can prove that he was insane at the time of the contract but cannot prove anything else about the incident
• B) A contract with an insane person for necessaries such as food and shelter
• C) A contract containing an exculpatory clause limiting the liability of one of the parties
• D) Any contract with a status Indian
• E) A contract to sell a bag of cocaine

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Definitions:

Total Profit

Total profit is the total income of a business after subtracting all expenses.

Balance Constraint

A condition in mathematical models that ensures the total input into the system equals the total output, maintaining equilibrium.

Production

The process of creating, manufacturing, or producing goods and services, often involving a series of operations or stages.

Inventory

The total amount of goods and materials held in stock by a company, warehouse, or store.