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What is an apparent conflict of interest? Provide an example.
Illegal Penalty
A punishment or consequence for an action that is not legally authorized or that exceeds the bounds set by legal statutes.
Power of Avoidance
The legal ability to declare a contract null and avoid its obligations due to reasons such as fraud, misrepresentation, or other substantive grounds.
Contractual Capacity
The lawful capacity of an individual to engage in a contract that is enforceable.
Disaffirmed
The legal act of declaring a contract or agreement void and nullifying its effects, often in the context of contracts entered into by minors.
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