Which of the Following Is Incorrect with Respect to the Law

question 29

Multiple Choice

Which of the following is incorrect with respect to the law of incapacity?

• A) To escape a contract on the basis of insanity, the insane person need only show that he did not know what he was doing at the time the contract was formed.
• B) Even after the passage of the Charter of Rights and Freedoms, some contracts entered into with status Indians cannot be enforced.
• C) Married women are no longer incapacitated.
• D) Some Crown corporations have limited capacity to contract.
• E) Trade unions may have limited capacity to contract.

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Definitions:

Inflow of Cash

The total amount of money coming into a company, typically from operations, investments, and financing.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.

Issuance of Long-Term Debt

The process by which a company borrows money from financial institutions or through the sale of bonds, agreeing to repay the principal, along with interest, over a period longer than one year.

Free Cash Flow

The amount of cash generated by a business after accounting for capital expenditures, indicating the financial health and liquidity.