Joe is mentally impaired from the effects of a prescribed medication. If he makes a contract while under this impairment, the contract would be voidable if he cannot comprehend the subject of the contract, its nature, and its probable consequences, even if the other party does not know or have reason to know of his mental condition
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements correctly describes tactics used in negotiation?
a. Telling jokes to relieve tension is considered appropriate. b. Distracting tactics can be beneficial to the negotiation process. c. All cultures consider negotiation to be retaliatory. d. Using role reversal to put yourself in the other's position is recommended.
With the exception of pledges, a security agreement must:
a. be in an authenticated record. b. be signed by the debtor with his personal, not business, name. c. contain at least a generic description of the collateral, such as "all my personal property." d. All of these.
George is a shareholder in the Muncy Kempf Corporation. He learns of insider trading by one of the directors and wants to sue the corporation on behalf of the corporation and its shareholders. A shareholder cannot sue the corporation to enforce a right belonging to the corporation
Indicate whether the statement is true or false
A credit card whose interest rate changes as a specific market interest rate changes is said to have a
A) variable rate. B) fixed rate. C) constant rate. D) tiered rate.