Someone who enters into a contract when she or he is intoxicated can void the settlement if she or he no longer realizes the prison consequences. False.
A void settlement is a contract that isn't always legally enforceable, beginning from the time it was created. whilst each void and voidable agreement is null, a void contract can not be ratified. In a felony feel, a void agreement is treated as though it was in no way created and becomes unenforceable in the courtroom.
A settlement to perform an illegal act is an example of a void agreement. for instance, an agreement between drug sellers and customers is a void settlement absolutely because the terms of the agreement are unlawful. In this sort of case, neither birthday party can visit the court to put in force the settlement.
With a void contract, the contract can't come to be legitimate just through both events agreeing, as you can't commit to doing something unlawful. Voidable contracts may be made legitimate if the celebration who is not bound agrees to give up their rights to rescission. Examples of void contracts could consist of prostitution or gambling.
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Answer:
B. The vehicle is the collateral of this secured loan.
Explanation:
When collecting a loan, there is always the option of giving a collateral for the loan in case there is a default in payment.
Therefore, Peter who has a job and wants to collect a loan to pay for his car is already putting the car as a collateral for the loan. If he defaults on payment, then his car will be repossessed.
Answer:
The super-ego
Explanation:
According to Freudian theory, there are 3 personality structures:
- The id: the most primitive of all 3 structures and the one that forms first during child development. The id is concerned with immediate gratification of needs and urges. (It's instinctive)
- The super-ego: It's concerned with moral rules, it's like one's conscience, or in other words "the moral compass". (it's moral)
- The ego: is the structure in charge of mediating with the id and the super-ego, so it's the one that keeps things in balance between the other two. (it's rational)
So, your friend went out to drink even though he should've stayed in and studied (he followed his id), now that he's feeling guilt about it, he's thinking about what he did wrong, and it's the super-ego which is concerned with what's right and what's wrong and moral rules.
Thus, the super-ego is causing the guilt.
Answer: A weak institutional environment.
Explanation: In countries with a weak institutional environment, deposit insurance has not been efficient. Deposit insurance is a measure put in place by many countries to protect bank customers deposits. it can either be in full or part, from losses caused by a bank's failure to pay its debts as at when due. A deposit insurance system has contributed positively to the stability of a nation’s financial system if it is part of a well-designed safety net.
