Which of the Following Is Most Likely to Lack Contractual

question 71

Multiple Choice

Which of the following is most likely to lack contractual capacity?

• A)An intoxicated person
• B)An old person
• C)A forgetful person
• D)An uneducated person

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Definitions:

Bid

The price a buyer is willing to pay for a security or asset.

Ask

The lowest price a seller is willing to accept for an asset being sold on the market, opposite of the bid price.

AAA Corporate Bonds

The highest quality bonds issued by corporations with a strong ability to repay the debt, making them low-risk investments.

Interest Rates

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, typically on an annual basis.