The Breadth of the Commerce Clause Permits the Government to Legislate

question 33

True/False

The breadth of the commerce clause permits the government to legislate only in areas in which Congress has explicitly been granted power.

Recognize the legal consequences of intoxication on contractual capacity and the voidability of contracts.

Understand role of good faith purchasers in the context of contracts voided by minors.

Recognize the applicability of the Uniform Commercial Code (UCC) towards contracts entered by minors.

Understand the conditions under which a minor may disaffirm a contract.

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Definitions:

Marginal Revenue

The increased income from the sale of one more unit of a product or service.

Burritos

A type of Mexican food consisting of a wheat flour tortilla wrapped or folded into a cylindrical shape to fully enclose the filling.

Marginal Revenue

The additional income earned from selling one more unit of a good or service; it's the change in total revenue divided by the change in the quantity sold.

Burritos

A type of Mexican and Tex-Mex cuisine that consists of a wheat flour tortilla wrapped or folded into a cylindrical shape to completely enclose a filling.