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Explain equity theory and discuss the various types of inequity.
Adhesion Contract
A contract created by a party to an agreement that is presented to the other party on a take-it-or-leave-it basis. Such contracts are legal but are sometimes rescinded on the grounds of unconscionability and the absence of one party’s free will to enter a contract.
Habitual Drunkards
A legal term historically used to describe individuals who regularly engage in excessive drinking of alcohol, often considered in legal contexts regarding their competency or rights.
Adjudicated Insane
A legal determination that an individual is not mentally competent to manage their own affairs or stand trial.
Alzheimer's
A progressive neurological disorder that causes brain cells to waste away and die, leading to a decline in cognitive function such as memory and reasoning.
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