Examlex
The following data pertain to an investment proposal:
What is the present value of the proposed investment?
Right of Disaffirmation
A legal right allowing minors to void contracts they have entered into, based on their incapacity to fully understand the terms.
Ratified
Formally approved or confirmed, often in the context of treaties, contracts, or legislative acts.
Promissory Note
A written, legally binding document in which one party promises to pay another a definite sum of money either on demand or at a fixed future date.
Alcohol-Related Incapacity
A state of being unable to function or make decisions due to excessive consumption of alcohol.
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