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.

---

Definitions:

Implied-in-Law Condition

A requirement understood within legal agreements or contracts, not explicitly stated but legally binding.

Concurrent Conditions

Circumstances or events that occur at the same time or under the same conditions, often in legal or contract terms.

Mutual Duties

Obligations or responsibilities that are shared reciprocally between parties in a contract or agreement.

Performance

The execution or accomplishment of a task, contract, or duty as required or agreed.