The Doctrines of the Sophists Encouraged All of the Following

question 72

Multiple Choice

The doctrines of the Sophists encouraged all of the following EXCEPT

• A)loss of respect for authority.
• B)disobedience to law.
• C)neglect of civic duty.
• D)selfish individualism.
• E)sophrosyne.

Understand the doctrine of necessaries and its application to contracts involving minors and mental incompetents.

Grasp the consequences of misrepresentation of age by minors in entering contracts.

Comprehend the specific contracts that minors cannot disaffirm due to state laws.

Understand the implications of mental incapacity and intoxication on contract formation and enforcement.

---

Definitions:

National Saving

The total amount saved by a country's economy, calculated as the sum of private and public savings, often representing the difference between national income and consumption.

Closed Economy

An economic system that does not interact with other economies in terms of trade, investment, or migration.

Closed Economy

An economic system that does not engage in international trade with outside countries and relies wholly on its own resources.

Loanable Funds

The funds available for borrowing in the financial markets, consisting of savings and sometimes bank loans that are available to be lent to businesses and individuals.