Which of the Following Is True of a Contract in Which

question 74

Multiple Choice

Which of the following is true of a contract in which one of the parties is insane but not adjudged insane?

• A)The contract is voidable by the competent party.
• B)The contract is only voidable by the insane person.
• C)Only the court-appointed legal guardian of the insane person can modify the contract.
• D)The sane person must be placed in status quo if the insane person voids the contract.

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Definitions:

Strength

In the context of SWOT analysis, refers to the inherent advantages or positive attributes an organization possesses which can be leveraged to achieve its goals.

SWOT Analysis

A tool used in strategic planning that assesses the Strengths, Weaknesses, Opportunities, and Threats associated with a project or enterprise.

Strategic Planning

Involves outlining an organization's vision, goals, and tactics to achieve long-term success and competitive advantage.

Marketing Goals

Objectives that an organization seeks to achieve through its marketing strategies, such as increasing brand awareness or market share.