Opie Enters into a Contract with Belle

question 3

Multiple Choice

Opie enters into a contract with Belle.Later,Opie is adjudged mentally incompetent.Raye,Opie's daughter,attempts to void Opie's contract with Belle on the ground of Opie's incompetency.The contract is

• A)enforceable if Opie had capacity at the time the contract was formed.
• B)enforceable if Belle is also incompetent.
• C)enforceable if Raye knew of the contract when it was formed.
• D)void.

Analyze the impact of tariffs, quotas, and subsidies on international trade and domestic markets.

Identify and evaluate the factors that contribute to a nation's trade balance and its implications on the economy.

Distinguish between absolute and comparative advantage in the context of global trade.

Recognize the role of government policies and interventions in international trade.

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Definitions:

Low-context Cultures

Cultures where communication is explicit, messages are expressed directly, and less interpretation is based on context or non-verbal cues.

Incompetent Employee

A worker who lacks the skills, abilities, or knowledge required to perform job duties satisfactorily.

Absenteeism

The frequent absence of an employee from work, which can negatively impact productivity and morale in the workplace.

High-context Cultures

Societies or groups where communication is heavily reliant on contextual elements (such as body language, tone of voice, and social status) rather than explicit, direct words.