Intoxicated Persons Are Liable in Quasi Contract for Necessaries Purchased

question 15

True/False

Intoxicated persons are liable in quasi contract for necessaries purchased during their incapacity.

---

Definitions:

Simple Rate Of Return

A financial metric that calculates the return on an investment without considering the time value of money, focusing on annual income and initial investment cost.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, making for a simple depreciation calculation.

Proposed Investment

A prospective asset or capital outlay under consideration for its potential to generate income or appreciate in value.

Simple Rate Of Return

A calculation that measures the percentage return on an investment or project, not accounting for the complexity of interest compounding.