Question: What must be proven by someone seeking to avoid a contract based on mental impairment?

What must be proven by someone seeking to avoid a contract based on mental impairment?

Step by Step Solution

★★★★★

3.44 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

If a person is mentally impaired through illness ... View full answer

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

Document Format (1 attachment)

Word file Icon

690-L-B-L-C (1986).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

The law of mistake will rarely provide a defence for someone seeking to avoid a contract. Is the law of mistake too strict and inflexible? Why or why not?

Q:

Girard & Company, Certified Public Accountants, audited the financial statements included in the annual report submitted by PMG Enterprises, Inc., to the Securities and Exchange Commission (SEC). The...

Q:

When a client sues the auditor under common law, is the client or the auditor required to furnish the burden of proof? What must be proven in order for the client to receive damages?

Q:

What must be proven by someone seeking to avoid a contract based on mental impairment?

Q:

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...

Q:

(True/False) 13. Today, threats to economical interests can result in a claim of duress. 14. In general, the identity, existence, quality, and value of an item are not "basic assumptions.'' 15. A...

Q:

Question 1 2pts Once someone has been declared mentally incompetent by a court, any contractsthey later enter into are void. Group of answer choices True False Flag this Question Question 2 2pts In...

Q:

Americans with Disabilities Act (ADA) and ADA Amendments Act (ADAAA) The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination against disabled workers or job applicants and covers...

Q:

End of Chapter 1 Answers 1) Self-acceptance is getting to move on despite what people thinks about us, it is more of self- esteem, white self-esteem is how important we see our self. It is good to...

Q:

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Q:

A block of weight W slides down an inclined plane on a thin film of oil, as in Fig. P1.45 at right, the film contact area is A and its thickness h. Assuming a linear velocity distribution in the...

Q:

The double-declining-balance method is to be used for an asset with a cost of $88,000, an estimated salvage value of $13,000, and an estimated useful life of six years. (a) What is the depreciation...

Q:

The right - of - use asset is depreciated over: a . a term designated by management. b . the lease term. c . the shorter of the lease term or the economic life of the asset. d . the economic life of...

Q:

P2-68. Recording Transactions in Journal Entries and T-Accounts Use the information in Problem 2-67 to complete the fo llowing requirements. REQUIRED a. Prepare journal entries for each of lhe...

Q:

Brown enters into a written contract with Ideal Insurance Company under which, in consideration of her payment of the premiums, the insurance company promises to pay State College the face amount of...

Q:

Grant and Debbie enter into a contract binding Grant personally to do some delicate cabinetwork. Grant assigns his rights and delegates performance of his duties to Clarence. (a) On being informed of...

Q:

Rebecca owes Lewis $2,500 due on November 1. On August 15, Lewis assigns this right for value received to Julia, who gives notice on September 10 of the assignment to Rebecca. On August 25, Lewis...

Q:

Address two changes or drivers that have impacted healthcare finance. Consider these elements in your analysis of the drivers: What has this change / driver historically done to healthcare finance?...

Q:

Suppose vou estimated a multinomial logit model. The dependent variable CURRENCY {the currencv of bond issue} can take 3 possible values [\"US Dollar\". "Euro", \"Other\"}. \"US Dollar\" is the base...

Q:

An 18-year Telus bond with a coupon rate of 7.5%, paid semi-annually, was issued 8 years ago. Similar bonds are currently enjoying a yield to maturity of 7%. Which of the following statements would...