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Intoxicated Persons Are Liable in Quasi-Contract to Pay the Reasonable

question 70

True/False

Intoxicated persons are liable in quasi-contract to pay the reasonable value for necessaries they receive.


Definitions:

Indifference Curves

Graphical representations used in microeconomics to show combinations of two goods that provide equal satisfaction and utility to a consumer.

Budget Lines

A graphical representation of all possible combinations of two goods which a consumer can purchase at given prices and within the constraints of his/her income.

Budget Line

A visual representation of all the different combinations of two products that can be bought within a certain budget and price range.

Indifference Curve

A chart illustrating various pairings of two products that deliver the same level of enjoyment and usefulness to a buyer.

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