If the US Dollar Were Replaced with a "New Dollar" at an at an Exchange

question 162

True/False

If the U.S. dollar were replaced with a "new dollar" at an exchange rate of 1 new dollar for 8 old dollars, then a mortgage of $200,000 would become a debt of 25,000 new dollars.

Learn about the treatment of individuals with limited capacity in contract law.

Understand the concept of electronic signatures and their legal effectiveness.

Identify situations where a contract must be in writing to be enforceable.

Evaluate the validity and enforceability of verbal contracts.

---

Definitions:

Positivist Perspective

A philosophical approach that emphasizes empirical and scientific evidence to understand and explain social phenomena.

Absolutist

Adopting a perspective or stance that does not allow for flexibility, compromise, or variation; seeing things in an absolute, unchangeable way.

Positive Deviants

Individuals or groups who deviate from the norm in ways that have beneficial effects or contribute positively to society.

Intellectual

An intellectual is an individual who engages in critical thinking, research, and reflection about society and proposes solutions for its normative problems.