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What is the principal-agent problem?
Mental Faculties
The cognitive functions and capabilities of the mind, including perception, reasoning, judgment, and memory.
Disaffirm Contract
The legal act of declaring a contract void and freeing all parties from their obligations under it.
Minor
A person under the legal age of majority, which varies by jurisdiction, typically considered to be under 18 years old, and legally restricted in certain rights and responsibilities.
Cognitive Test
An assessment tool designed to measure mental processes such as memory, reasoning, attention, and understanding.
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