Burt, a Mentally Impaired Person, Is Asked by Carl to Sign

question 82

Multiple Choice

Burt, a mentally impaired person, is asked by Carl to sign a piece of pa?per that Carl says is an autograph book. In fact, the document is a note. If later sued by an HDC, Burt's best defense would be

• A) duress.
• B) mistake.
• C) fraud in the inducement.
• D) fraud in the execution.

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Definitions:

TD Canada Trust

One of Canada's prominent banking and financial services providers, known for offering a wide range of personal and business banking solutions.

GICs

Guaranteed Investment Certificates are financial products in Canada offering an assured interest rate over an agreed-upon term.

Simple Interest

The interest calculated only on the principal amount, without the accumulation of prior interest.

Simple Interest

Interest figured only on the principal balance, or on the portion of the principal balance that is still due.