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A Contract of an Intoxicated Person for Necessaries Will Be

question 60

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A contract of an intoxicated person for necessaries will be enforced for the reasonable value of the necessaries.


Definitions:

Risk-free Interest Rate

The theoretical return of an investment with no risk of financial loss, typically represented by government bonds.

Portfolio Beta

An indicator of the level of systematic risk or volatility in a portfolio relative to the overall market.

Market Portfolio

A portfolio consisting of all assets available in the market, with each asset weighted according to its market capitalization.

Risk-free Rate

A hypothetical yield of an investment that is considered to have no financial risk, usually mirrored by the returns on government bonds.

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