Russell,45,has Been Suffering from a Mental Impairment for a Long

question 74

Multiple Choice

Russell,45,has been suffering from a mental impairment for a long time.He signs a contract to sell his villa for $1 million to Andre.When Russell's wife Katie,who is also his court-appointed guardian,gets to know of the deal,she wants to ends the contract.Which of the following statements is true?

• A)Andre cannot claim the villa until he has paid for it.
• B)Russell has the right to enter into such a contract.
• C)Katie need not worry because the contract is void.
• D)The court will give primary preference to Russell's opinion.

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Definitions:

State Control

Governmental regulation and oversight of economic and social activities, often to manage resources and ensure public welfare.

Resource Extraction

The process of retrieving raw materials from the natural environment for human use.

Stream of Profits

A continuous flow of earnings generated by a business or investment over a period of time.