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lora16 [44]
3 years ago
11

You are an adult friend of a sixty-five year old male, James, who lives next door. James is friendly and kind to you and your fa

mily. James has become increasingly forgetful of facts and names lately and you once found him lost in another part of your familiar neighborhood. On the other hand, James has significant periods of mental clarity, living independently and performing complex mental tasks. For example, he profitably buys and sells collectibles at flea markets and on the Internet. James's family lives far away, and may not know that James is possibly showing early signs of mental instability. You know that a court can determine if someone is mentally incompetent and appoint a guardian to represent that individual. Only then can the guardian enter into binding legal obligations on behalf of the mentally incompetent person.
Required:
From the perspective of contractual legal capacity, explain the advantages and drawbacks of declaring someone like James incompetent.
Business
1 answer:
serious [3.7K]3 years ago
3 0

Answer:

Advantages of declaring James incompetent:

  • James will have someone taking care of him permanently.
  • Since James lives alone, it will not cause stress on his family.
  • Court will appoint a person to manage and handle James' assets through a power of attorney.  

Disadvantages of declaring James incompetent:

  • James will lose control of his assets and his business might decline.
  • He might be psychologically affected even more and his condition could get worse.
  • After a while, his legal guardian might want to change his mind because taking care of someone else might become a problem.
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Sarah, a famous pianist, is told that she will have to undergo brain surgery that could result in partial paralysis of her right
erma4kov [3.2K]

Answer:

Yes, Sarah can revoke the gift to her friend.

Explanation:

Gift is the transfer of property from one person, usually the donor(giver) to another person, donee(receiver) without expecting any thing like compensation in return. Gift can be given or transfered to either an individual or organization.

A gift can be revoked by the donor in law. Such gift is called Causa Mortis Gift.

Causa Mortis Gift is a gift given or transfered in expectation of death of the donor. Where a donor gives out his/her gift during the course of undergoing major surgery, such could also be called Causa Mortis Gift. This type of gift can be revoked anytime before the donor's death or recovery from surgery or illness and cannot be revoked after his/her death.

3 0
3 years ago
What country leads the world in coconut production?
Lady_Fox [76]

Answer:

Indonesia

Explanation:

6 0
3 years ago
Crane Company reported total manufacturing costs of $390000, manufacturing overhead totaling $59000, and direct materials totali
Marta_Voda [28]

Answer:

$267,000

Explanation:

Total manufacturing cost refers to the sum of all expenses incurred by a firm in the production process in a period.  Total manufacturing cost is compared with total revenue to determine profitability. The calculation of total manufacturing involves additional direct materials,  direct labor, and overhead costs.

Therefore, total manufacturing cost = Direct materials +Direct labor + overhead costs.

For crane company:

$390,000= $59,000 + $ 64,000 + direct labor

= $390,000= $123,000 + direct labor

=Direct labor =$390,000-$123,000

=$267,000

7 0
3 years ago
Akika Corporation started as a small firm and has grown substantially in the past decade. Its interests span from electronics to
lakkis [162]

Answer:

a. Unity of direction

Explanation:

Unity of direction: In this principle, the direction of work is given by the higher authority with a view to achieving the organizational objective.  

Division of work: In this principle, the work is divided between many subordinates/ employees, so that the task should be done in proper time and in an efficient & effective manner.

Scalar chain: This scalar chain represents the rank from high authority to low authority in a straight line so that proper communication/ cooperation can be done without any misunderstanding.  

Unity of command: In this principle, the employees are responsible for only one person/ one supervisor/ one commander.  

In the given scenario, the unity of direction principle applies as the board of directors wants to establish an independent business so that each domain objective can be achieved so that it becomes to accomplish the organizational objective.  

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3 years ago
The federal income tax is described as a progressive tax system because
Yakvenalex [24]
The federal income tax is described as a progressive tax system because: <span>individuals who make more money, pay more taxes.
With this taxation income, the government are planning to spread the wealth in the country and used the excess of money from the upper income bracket to support those in the lower bracket</span>
7 0
3 years ago
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