Burt, a mentally impaired person, is asked by Carl to sign a piece of paper that Carl says is an autograph book. In fact, the document is a note. If later sued on the note by an HDC
A. Burt must pay the note.
B. Burt's best defense would be fraud in the execution.
C. Burt's best defense would be fraud in the inducement.
D. Burt's best defense would be mistake.
Answer: B
You might also like to view...
Cash flows from financing activities would be reduced by which of the following?
a. Purchase of inventory b. Repayment of long-term debt c. Purchase of machinery d. Payment of interest
The standard deviation of p is also called the ____________________ of the sample proportion
Fill in the blank(s) with correct word
Which of the following is true of attitude–behavior correspondence
a. It can be measured by self-report questionnaires as well as physiological indicators, which show emotional changes by measuring physiological arousal. b. It disrupts the consistency between people's attitudes and behavior. c. It motivates individuals to change either their attitudes or their behavior to maintain consistency. d. It depends on attitude specificity, attitude relevance, timing of measurement, personality factors, and social constraints.
One factor that influences the choice between debt and equity is the
A. state of the economy. B. risk of nationalization. C. degree of control the owners hope to retain. D. state of the owners' estate plan.