Answer:
A. Contracts of an intoxicated person are voidable by the intoxicant if the other party had reason to know that because of the intoxicated person's condition, that person was unable to understand the nature and consequences of the transaction or was unable to act in a reasonable manner in relation to the transaction.
Explanation:
According to the restatements of contracts, section 16. It states that contracts entered into by an intoxicated person are voidable by the intoxicant if the other party had reason to know that because the condition of the intoxicated person, the individual was unable to understand the nature and consequences of the transaction or is unable to act in a reasonable manner in respect to the transaction.
Therefore, the contract is as a result rendered voidable and of no legal value.
Answer:
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. In other words, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded will decrease (↓); conversely, as the price of a good decreases (↓), quantity demanded will increase (↑)". Alfred Marshall worded this as: "When then we say that a person's demand for anything increases, we mean that he will buy more of it than he would before at the same price, and that he will buy as much of it as before at a higher price". The law of demand, however, only makes a qualitative statement in the sense that it describes the direction of change in the amount of quantity demanded but not the magnitude of change.
Answer is option choice A
Answer:
Tourism: the commercial organization and operation of vacations and visits to places of interest.
Leisure: free time.
Development: the process of developing or being developed.