Which of the Following Is True Regarding the Ability of Persons

question 22

Multiple Choice

Which of the following is true regarding the ability of persons suffering from a mental illness to enter into a binding contract?

• A)Persons suffering from a mental illness never have capacity to enter into a binding contract.
• B)Persons suffering from a mental illness have full capacity to enter into a binding contract,so long as they do not present a danger to themselves or others.
• C)Persons suffering from a mental illness have full capacity to enter into a binding contract,so long as they inform the other party that they are either in,or in the process of seeking,professional treatment.
• D)Persons suffering from a mental illness may have full,limited,or no legal capacity to enter into a binding contract,depending on the nature and extent of their mental deficiency.
• E)Persons who suffer from a mental illness always have full capacity to enter into a binding contract.

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Definitions:

GDP

The total market or monetary worth of all completed goods and services produced inside a nation's boundaries over a certain period is known as the Gross Domestic Product.

GDP Deflator

A measure of the price level for all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.

Base Year

A specific year against which economic growth or other economic variables are measured.

Nominal GDP

The market value of all final goods and services produced within a country in a given period, measured using current prices without adjustment for inflation.