Which of the following is true of a contract with an adjudged insane person?
A) The adjudged insane person is bound by the terms of the contract.
B) The contract is void.
C) Only the competent party can enforce the contract.
D) The competent party is legally obligated to uphold the contract.
B
Business
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The terms of some real estate loans provide that the interest rate may be increased or decreased depending on money market conditions. We call this type of loan:
A: An interim loan; B: A loan which is secured by a short-term land contract; C: A variable interest rate loan; D: A fluctuating market condition loan.
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Employees who are forced into accepting a decision or plan are generally more likely to react positively to the motivation
Indicate whether the statement is true or false.
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