A Contract Made by a Person Who Has Been Adjudicated

question 31

True/False

A contract made by a person who has been adjudicated to be insane and institutionalized or put under a guardian's care is void rather than voidable.

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Definitions:

Regression Model

A statistical approach to modelling the relationship between a dependent variable and one or more independent variables.

Residual Value

The estimated salvage value of an asset at the end of its useful life.

Observation

An individual data point or measurement recorded during a study or experiment.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation to the data.