Mrs North,who Had Limited Business Experience,mortgaged Her Property to a Finance

question 4

Multiple Choice

Mrs North,who had limited business experience,mortgaged her property to a finance company to raise money for her husband's business.The contract greatly favoured the finance company.Two people have advised Mrs North against taking out the loan - her son,who was an accountant,and a barrister,who is a friend of the family.Mr North's business failed and the finance company has moved to sell up the property.Mrs North has been advised the finance company cannot sell up her house if she can prove that the mortgage contract was unconscionable.What is her legal position?

• A)The contract is probably unconscionable because the terms favoured the finance company and Mrs North lacked business experience.
• B)Although the contract is unfair it is probably not unconscionable.
• C)If the court finds the contract was unfair it must find that the contract was unconscionable.
• D)The contract is probably unconscionable because her only professional advice came from a friend and a relative.

Appreciate the role of neurogenesis and brain plasticity in maintaining cognitive abilities in old age.

Recognize the psychosocial aspects of aging, including adaptation to chronic illnesses and lifestyle changes.

Understand the specific sensory and physical changes that occur in aging and strategies for compensation.

Grasp the benefits of bilingualism and physical activity on cognitive functions and brain health in older adults.

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Definitions:

Common Stock

Type of equity ownership in a corporation, providing voting rights and entitling the holder to a share of the company's success through dividends and appreciation of the stock's value.

Acquisition

The process of gaining control, ownership, or a significant amount of shares of another company, often to expand operations or enter new markets.

Additional Paid-in Capital

The amount received from investors for stock, over and above the stated par value of the shares.

Acquisition Transaction

An agreement in which one company purchases most or all of another company's shares to gain control of that company.