Which of the Following Are Examples of People Who Do

question 104

Multiple Choice

Which of the following are examples of people who do not have the capacity to enter into legally binding contracts?

• A) Those under the age of majority.
• B) People suffering from mental illness.
• C) Intoxicated persons.
• D) People under the age of majority and people suffering from mental illness, but not intoxicated persons.
• E) People under the age of majority, people suffering from mental illness, and intoxicated persons.

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Definitions:

Rate Of Trade-off

The rate at which one factor must be decreased in order to increase another factor, commonly used in the context of opportunity cost.

Resources

Assets or inputs used in the production of goods and services, such as labor, capital, and natural resources.

Opportunity Cost

The loss incurred by rejecting the immediate best alternative when arriving at a decision.

Fix A Meal

The process of preparing and cooking a meal.