Capacity is a necessary element in a contract.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The governing body of a corporation or association, including condominiums and homeowners associations, and at a minimum, consists of a president, vice president, secretary and treasurer:
a. Board of directors b. Board of regents c. Board of officers d. Officers and directors
If one or both of the parties lacked the mental capacity to the extent of not being able to understand or appreciate the nature of the marriage, it can be grounds for an annulment.
Answer the following statement true (T) or false (F)
Explain the ramifications of an individual debtor retaining possession-for more than 45 days after the date first set for the meeting of creditors-of collateral securing a purchase-money security interest without redeeming the collateral or entering into a reaffirmation agreement.
What will be an ideal response?
Wagering statutes are illegal in all states.
Answer the following statement true (T) or false (F)