When an Offeree Is Not Aware of the Insanity of the Offeror

question 13

True/False

When an offeree is not aware of the insanity of the offeror and communicates assent to an offer, it is considered as accepted.

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Definitions:

Annual Percentage Rate

The yearly interest rate applied to loans or gained from investments, encompassing all associated fees and extra expenses related to the transaction.

Stated Rate

The nominal interest rate of a financial instrument, not including any compounding interest or fees.

Effective Annual Rates

The interest rate on an investment or loan that is adjusted for compounding over a specified period.

Annual Percentage Rates

The yearly percentage charged for taking out a loan or gained from an investment, including all fees or extra expenses.