Even If a Party Has the Power to Avoid a Contract

question 15

True/False

Even if a party has the power to avoid a contract for lack of capacity, duress, or undue influence, the party will lose that power by affirming the contract.

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Definitions:

Global Self-Worth

Refers to a person's overall evaluation or appraisal of their own value or worth as an individual.

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Personal Identity

The distinct personality of an individual regarded as a persisting entity, including aspects of self-conception and social identity.

Emotional Self-Regulation

The ability to monitor, evaluate, and modify one's emotional reactions in various situations.