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Contractual capacity of prodigals?
Prodigals are individuals who are unable to manage their finances responsibly due to mental incapacity or impulsiveness. They may lack the contractual capacity to enter into binding agreements because they cannot fully understand the implications of their actions. As a result, their contracts may be voidable if it can be shown that they were not in a sound state of mind when entering into the agreement.
Can a right to personal services be assigned?
In general, a right to personal services cannot be assigned because it involves the unique skills, talents, or characteristics of a specific individual. Assigning such a right would require the assignee to perform the services, which may not be possible. Additionally, assigning personal services may violate public policy or contractual agreements.
Are evergreen contracts legal in Rhode Island?
Yes, evergreen contracts are legal in Rhode Island. These contracts automatically renew unless either party provides notice to terminate. Rhode Island law allows for such contracts as long as there are certain safeguards in place to protect consumers from unfair practices.
List five specific prohibitions on the states?
No State shall: - Enter into any Treaty, Alliance, or Confederation - Grant Letters of Marque and Reprisal - Coin Money - Emit Bills of Credit - Make any Thing but gold and silver Coin a Tender in Payment of Debts
Can a 16 year old rent an apartment?
In most cases, a 16-year-old cannot rent an apartment on their own because they are not legally considered adults and cannot enter into contracts. Landlords typically require tenants to be at least 18 years old or have a co-signer who meets the age requirement.
Are verbal contracts binding in Arizona?
Oral contracts can be enforced in Arizona. But the contract cannot violate the statute of frauds which requires certain contracts to be in writing.
Do employee contracts negate federal overtime laws?
Labor laws cannot be negated by contracts. An employee cannot give up the right to overtime pay or minimum wage.
What cannot be use funds to adjust contracts?
Closed/Canceled
What funds cannot use to adjust contracts?
Closed/Canceled
Certain persons cannot make contracts that will bind them?
Contracts entered by minors are revocable or voidable; the law calls minors infants. Contracts entered into by the mentally infirm are void.
What types of contracts must be in writing?
Contracts that involve the sale or transfer of land, contracts that cannot be completed within one year, contracts for the sale of goods over a certain value, and contracts for the payment of another person's debt must be in writing to be enforceable.
What kind of trust can a property go to if it has a reverse mortgage?
You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.
What contracts are required to be in writing?
Contracts that involve the sale or transfer of land, contracts that cannot be completed within one year, contracts for the sale of goods over a certain dollar amount, and contracts for the sale of goods over a certain dollar amount are required to be in writing to be enforceable.
Minors cannot make valid contracts. critically assess the extent to which this statement is true?
Yes. Minors cannot make valid contracts. This is because, the basic common law rule is that contract do not bind minors.
What contracts must be in writing according to legal requirements?
Contracts that involve the sale or transfer of real estate, contracts that cannot be completed within one year, contracts for the sale of goods over a certain dollar amount, and contracts for the payment of someone else's debt are examples of contracts that must be in writing according to legal requirements.
How do you make a Gmail for several people?
No, you cannot do that in Gmail. A Gmail account belongs to one person. It cannot be assigned to multiple people.
Do options have CUSIPs?
Yes, options contracts do have CUSIPs (Committee on Uniform Securities Identification Procedures) which are unique identifiers assigned to financial instruments for trading and tracking purposes.
