Which of the Following Is a Void Contract

question 24

Multiple Choice

Which of the following is a void contract?

• A) Contract entered into by a minor
• B) Contract entered into by someone who is drunk
• C) Contract entered into by someone who suffers a mental incapacity but who had not been adjudicated by a court to be incapable
• D) Contract entered into by someone who has been adjudicated by a court to be incapacitated or insane
• E) All of the above are void

Understand the concept and functions of money, including its role as a medium of exchange, a standard of value, and a store of value.

Comprehend the structure and significance of the M1 and M2 money supply.

Recognize the importance of checkable deposits in the money supply.

Understand the role and purpose of the Federal Deposit Insurance Corporation (FDIC) and its impact on banking stability.

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Definitions:

Communication Model

A framework that describes the various components and processes involved in the effective transmission and reception of messages.

Encode Message

The process of converting information or ideas into a coded form of communication for transmission to a receiver.

Grapevine Communication

Grapevine communication refers to the informal and often unofficial spread of information within an organization.

Sender and Receiver

Describes two roles in the communication process where the sender is the one who initiates the message and the receiver is the one who interprets or responds to the message.