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.
B
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Which of the following statements is true about the trends prevalent among various ethnicities in the ethnic markets?
a. African Americans are on average older than all other ethnic groups. b. Women are the primary decision makers in the majority of Hispanic households. c. Asian Americans retain strong core values as they acclimate to American culture. d. Asian Americans have the least spending power than any other minority group.
A note and I.O.U. are names for the same type of negotiable instrument
Indicate whether the statement is true or false