Which of the Following Characterizes the Effect of Incapacity Caused

question 34

Multiple Choice

Which of the following characterizes the effect of incapacity caused by mental impairment?

• A)A person formerly incapacitated by mental impairment cannot ratify a contract if he/she regains his capacity.
• B)If a contract is found to be voidable on the ground of mental impairment,the person who lacked capacity at the time the contract was made has the right to disaffirm the contract.
• C)If a court has found a person mentally incompetent after holding a hearing on his mental capacity and has appointed a guardian for him,the contract is considered voidable.
• D)The contracts of people who are suffering from a mental defect at the time of contracting are usually considered to be void.

Understand the principles and benefits of differential pricing in revenue management.

Recognize the effects of differential pricing on product availability and retailer profits.

Identify the conditions under which accepting orders from lower price buyers is advantageous.

Comprehend the impact of capacity commitment to lower price buyers on wastage and higher price buyer accommodation.