Which of the following is not true regarding the contracts of incompetent persons?
A) An incompetent person is liable for necessaries.
B) Unlike a minor,an incompetent person can never ratify a contract.
C) To avoid a contract,a person need not be permanently incompetent.
D) A person is competent unless he is unable to understand the nature and effect of his act.

Question

Quizplus · Accepted Answer

An incompetent person may sometimes be able to ratify a contract once they have regained competency. This is unlike a minor, who can never ratify a contract.

Which of the Following Is Not True Regarding the Contracts