Asked by Samantha Rader on May 22, 2024

verifed

Verified

Mandy suffers from Alzheimer's and has been quite forgetful and disoriented for at least one year.Accordingly,under the Restatement of Contracts,any agreement she signed during the past 12 months is automatically void because she cannot act in a reasonable manner.

Restatement Of Contracts

A comprehensive compilation that clarifies, organizes, and illustrates the principles of contract law in the United States, helping courts and attorneys apply these principles.

Alzheimer's

A progressive neurological disorder that causes memory loss, cognitive decline, and ultimately the loss of ability to carry out simple tasks.

Reasonable Manner

Conducting oneself or carrying out actions in a way that is sensible, fair, and appropriate under the circumstances.

  • Acquire insight into the notion of contractual capacity and its repercussions for young individuals and mentally disabled adults.
verifed

Verified Answer

HB
Harpreet BallaganMay 25, 2024
Final Answer :
False
Explanation :
The statement is incorrect. Under the Restatement of Contracts, an agreement is voidable (not automatically void) if one of the parties lacks capacity to contract. Capacity to contract is determined by whether the person understood the nature and consequences of their actions at the time the agreement was made. While Alzheimer's may affect someone's ability to understand the nature and consequences of their actions, this determination must be made on a case-by-case basis and cannot be automatically assumed based on a diagnosis of Alzheimer's alone.