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Contracts for Paralegals: Legal Principles and Practical Applications 1st Edition by Linda Spagnola
Edition 1ISBN: 978-0073511764Contracts for Paralegals: Legal Principles and Practical Applications 1st Edition by Linda Spagnola
Edition 1ISBN: 978-0073511764 Exercise 1
All of the following statements are FALSE; state why they are false and then rewrite them as a
true statement. Write a brief fact pattern that illustrates your answer
-Insanity always terminates an offer.
true statement. Write a brief fact pattern that illustrates your answer
-Insanity always terminates an offer.
Explanation
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Verified
All offers may not be executed successfully. Some of the offers can be terminated for many reasons. One among such reasons can be incapacity, which states that an inability to understand the actions of the offer or legal agreement.
The statement "insanity always terminates the offer" is incorrect because insanity does not necessarily determines the person's ability or capacity to the business transaction unless insanity is connected to the subject matter of contract or party becomes incapable to understand the nature of the agreement.
Therefore, the correct statement is "Sometimes Insanity can lead to offer termination."
The statement "insanity always terminates the offer" is incorrect because insanity does not necessarily determines the person's ability or capacity to the business transaction unless insanity is connected to the subject matter of contract or party becomes incapable to understand the nature of the agreement.
Therefore, the correct statement is "Sometimes Insanity can lead to offer termination."
Contracts for Paralegals: Legal Principles and Practical Applications 1st Edition by Linda Spagnola
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