Walter Boyd Had Several Times Been Hospitalized for Alcoholism

question 28

Multiple Choice

Walter Boyd had several times been hospitalized for alcoholism. While he was at home, in bed, in an alcoholic stupor, his son Conrad asked him to co-sign on a promissory note so Conrad could finance a remodeling of his restaurant. Conrad failed to make timely payments; Bank-the creditor-said it would foreclose on the restaurant mortgage unless at least interest payments were made. Conrad again approached his father who was now sober and the older man wrote a check for the interest owing. Conrad subsequently declared bankruptcy and Bank turned to Walter for payment. Walter's contract is

• A) void
• B) voidable
• C) enforceable
• D) unenforceable
• E) executory

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Definitions:

Organization

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Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various methods such as teaching, training, and research.

Scientific Process

A systematic and empirical approach to research in which the researcher generates a hypothesis, collects data through observation and experimentation, and then analyses the data to draw conclusions.

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Refers to the ongoing process of creating, testing, and refining concepts and propositions that aim to explain phenomena within a certain field.