Question: Aaron has entered into a contract with Wilson, a man who is elderly and suffers from dementia and was unable to understand the nature of

Aaron has entered into a contract with Wilson, a man who is elderly and suffers from dementia and was unable to understand the nature of the contract he was signing. Wilson had not been legally declared to be incompetent at the time the contract was signed. It was an agreement for Aaron to mow Wilson's lawn each week in consideration of $50, which is a fair price for the service. Aaron was not aware that Wilson had dementia. What is the legal status of this agreement? It is a voldable contract. It is a unilateral contract It is a void contract It is a valid contract

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A solid circular bar ABCD with fixed supports at ends A and D is acted upon by two equal and oppositely directed torques T0, as shown in the figure. The torques are applied at points B and C, each of...

Aaron has entered into a contract with Wilson, a man who is elderly and suffers from dementia and was unable to understand the nature of the contract he was signing. Wilson had been declared to be...

Aaron has entered into a contract with Wilson, a man who is elderly and suffers from dementia and was unable to understand the nature of the contract he wa signing. Wilson had not been legally...

Aaron has entered into a contract with Wilson, a man who is elderly and suffers from dementia and was unable to understand the nature of the contract he was signing. It was an agreement for Aaron to...

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

this is review question for business law.. please let me understand this case as I will get something similar to this in final exam; Please answer below two questions Please read caseanalysis...

Business Law: Contract Fact Pattern: Read the following set of facts, identify the contractual issue(s) and discuss each of the five elements (consensus, consideration, capacity, legality and...

Page 1 Page 2 205 F. Supp. 60, *; 1962 U.S. Dist. LEXIS 4882, **; 1962 Trade Cas. (CCH) P70,334 1 of 1 DOCUMENT AMERICAN FOOTBALL LEAGUE et al. v. NATIONAL FOOTBALL LEAGUE et al. Civ. No. 12559...

Prepare a written ethical analysis of this piece identifying the issue in a question, obstacles to moral reasoning that might be present (rationalization, self interest, etc. ), moral values both in...

1 Solving legal problems Students encounter great difficulty in trying to solve a legal problem. Firstly, there is the difficulty in identifying the critical facts, i.e. the facts that may have legal...

9. A board of directors consists of eight men and four women. A four-member search committee is randomly chosen to recommend a new company president. What is the probability that all four members of...

Company X is expected to pay an end-of-year dividend of $5 a share. After the dividend its stock is expected to sell at $110. If the market capitalization rate is 8%, what is the current stock price?

WEBS portfolios Multiple Choice are passively managed and are shares that can be sold by investors. are shares that can be sold by investors. are nassivelv managed.

While reviewing data in a marketing report, you begin to question whether there are errors in the customer data that you need to account for before using the report. As you learn more about data...

Think of someone you know who is personcentered. Describe the specifi c skills this person uses and how they affect his or her communication.

In the chapter, we learned that language names experiences and that language is continuously evolving. Can you think of experiences, feelings, or other phenomena for which we dont yet have names?...

How might you assess the accuracy of Jims attributions? What questions could you ask him to help you decide whether his perceptions are well founded or biased? 3.. What constructs, prototypes, and...