Contracts Made by People Who Have Become So Intoxicated That

question 16

Multiple Choice

Contracts made by people who have become so intoxicated that they cannot understand the meaning of their acts are:

• A)void.
• B)voidable.
• C)valid.
• D)quasi-contracts.

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Definitions:

Project Variance

The difference between planned and actual performance in a project, indicating the degree of deviation from the project plan.

Activity Duration

the total time required to complete a specific activity or task in the process of project management or planning.

Beta Distribution

A statistical distribution representing probabilities of outcomes across a range of 0 to 1, often used in Bayesian statistics for estimating unknown parameters.

PERT Analysis

A project management tool used to schedule, organize, and coordinate tasks within a project, which stands for Program Evaluation and Review Technique.