Which of the Following Is True of a Contract with an Adjudged

question 61

Multiple Choice

Which of the following is true of a contract with an adjudged insane person?

• A) The adjudged insane person is bound by the terms of the contract.
• B) The contract is void.
• C) Only the competent party can enforce the contract.
• D) The competent party is legally obligated to uphold the contract.

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Definitions:

Unity of Direction

A management principle suggesting that all parts of an organization should be aligned and moving towards common objectives.

Home Building Company

A business organization that specializes in constructing residential homes for clients.

Complete Autonomy

The state or condition of being entirely independent, with the freedom to make decisions without external control or influence.

Pig Iron

A form of crude iron that is the direct product of smelting iron ore with coke and limestone in a blast furnace.