Someone Who Has Been Adjudicated Insane Has No Capacity to Enter

question 87

True/False

Someone who has been adjudicated insane has no capacity to enter into contracts, and any contract he attempts to enter into is void, even if he has an appointed guardian.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specified prices.

Price of Clothing

The monetary value assigned to garments and textiles, determined by various factors including production costs, brand, and market demand.

Price of Food

The cost assigned to food products, which can vary based on factors such as region, availability, and demand.

Utility Maximizing

The economic principle where individuals or entities make choices to get the highest level of satisfaction from their resources.