Asked by Jordon Smith on Jul 05, 2024
Verified
Section 15 of the Restatement (Second) of Contracts provides that a person's contracts are voidable if she is unable to ________ in a reasonable manner in relation to the transaction and the other party has reason to know of her condition.
A) plan
B) speak
C) think
D) act
Restatement (Second)
is a collection of volumes that articulate the general principles of American law, especially within specific areas such as contracts or torts, aimed at clarifying and simplifying the law.
Voidable Contracts
Agreements that are valid and enforceable at the outset but can be declared void by one of the parties due to certain conditions, such as fraud or coercion.
Reasonable Manner
Conducting oneself in a way that a prudent person would consider fair and appropriate under the circumstances.
- Understand the legal capacity requirements for entering a contract.
- Identify conditions under which contracts can be deemed void or voidable.
Verified Answer
DK
Dylan KloseJul 09, 2024
Final Answer :
D
Explanation :
Section 15 of the Restatement (Second)of Contracts provides that a person's contracts are voidable if she is unable to act in a reasonable manner in relation to the transaction and the other party has reason to know of her condition.
Learning Objectives
- Understand the legal capacity requirements for entering a contract.
- Identify conditions under which contracts can be deemed void or voidable.