Intoxicated but Still Capable of Comprehending the Consequences of Her

question 37

Multiple Choice

Intoxicated but still capable of comprehending the consequences of her actions,Cricket signs a contract to sell her phone app design to Downloads,Inc.This contract is

• A)unenforceable because Cricket was intoxicated.
• B)enforceable.
• C)unenforceable if Cricket disaffirms it.
• D)unenforceable if Downloads disaffirms it.

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Definitions:

Required Return

This is the minimum profit that an investor expects to make on an investment, reflecting the level of risk involved.

Constant Growth

A model assuming that the value of an investment grows at a steady, unchanging rate indefinitely.

Constant Rate

A fixed value, often used in calculations involving growth or decay, where the rate does not change over time.

Discount Rate

The interest rate charged by central banks on loans they provide to commercial banks.