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List Four Components of a Loan Contract

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List four components of a loan contract


Definitions:

Adjudicated Insane

refers to the legal determination that an individual is mentally incapable of managing their own affairs or standing trial due to mental illness.

Void

A contract or legal agreement that is null and has no legal force or effect.

Appointed Guardian

A person legally designated to manage the personal and/or financial affairs of another individual who is unable to do so.

Intoxicated Persons

Individuals whose normal capacity to act or make decisions is significantly impaired due to the consumption of alcohol or drugs.

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