In Terms of Contractual Capacity

question 61

Multiple Choice

In terms of contractual capacity:

• A)a minor can disaffirm and walk away from a contract even if already executed and the minor has benefited from it.
• B)intoxicated individuals are generally always held liable for their contractual obligations,regardless of their condition upon execution of the contract.
• C)an insane person can never have contractual capacity by definition.
• D)if a minor benefits from a contract and then disaffirms it,he/she must fulfill the duty of restoration.

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Definitions:

Test Statistic

A value computed from sample data that is used in a hypothesis test to determine whether to reject the null hypothesis.

T Represent

T represent, likely a mistype for "T value", is a statistical measure that indicates the standard deviation difference between two sample means, commonly used in t-tests.

Obtained Value

The actual value resulting from a statistical test, which is compared against a critical value to determine significance.

T Represent

In statistics, "T" often stands for the t-statistic, used in t-tests to compare the means of two groups.