A Voidable Contract Is an Agreement When at Least One

question 110

True/False

A voidable contract is an agreement when at least one party has the right to withdraw from the promise made without incurring any legal liability.

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Definitions:

Cognitive Development

The process by which a person's ability to think, reason, and understand the world around them evolves over time.

Preoperational Stage

A developmental phase in Piagetian theory, where children from about 2 to 7 years old develop memory and imagination, but do not yet think logically.

Theory Of Mind

A cognitive ability to understand that others have beliefs, desires, intentions, and perspectives different from one's own.

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective.