A Person Who Was Intoxicated at the Time He Made

question 1

True/False

A person who was intoxicated at the time he made a contract cannot subsequently ratify it.

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Definitions:

Risk-Free Asset

A financial instrument that is considered to have no risk of financial loss and typically features a guaranteed rate of return, such as government bonds.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much each value in the set differs from the mean.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, commonly used in statistics to quantify the degree to which values differ from the average value.

Budget Line

An illustration showing all the different pairs of two items that a buyer can afford, considering their financial resources and the pricing of such goods.