It is important to identify who and what determines what is morally right and wrong

Indicate whether the statement is true or false

TRUE

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For a dependent to qualify as an exemption, he or she must

A) be married. B) be under age 16. C) be registered in school. D) receive more than one half of his or her support from the taxpayer. E) be a relative.

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Which of the following is true of a contract where one of the parties is insane but not adjudged insane?

A) The contract is voidable by the competent party. B) The contract is only voidable by the insane person. C) Only the court appointed legal guardian to the insane person can modify contracts. D) The non-insane person must be placed in status quo if the insane person voids the contract.

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