Which of the Following Contracts Is Void

question 84

Multiple Choice

Which of the following contracts is void?

• A)A contract made by an unemancipated minor.
• B)A contract made by a person who has been adjudicated insane and institutionalized.
• C)A contract made by a person under the influence of mind-altering drugs.
• D)A contract made by a minor who receives no support from a parent or guardian.

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Definitions:

Net Profit Margin Percentage

A financial metric that shows the percentage of revenue remaining as net income after all expenses, taxes, and costs have been deducted.

Return on Total Assets

measures a company's efficiency in using its assets to generate profit, calculated by dividing net income by total assets.

Total Assets

The sum of all current and non-current assets owned by a company, including cash, inventory, property, and equipment.

Gross Margin Percentage

A financial metric that represents the gross margin as a percentage of total sales revenue, indicating the efficiency of a company in producing and selling goods.