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A valid defense makes a contract automatically void.

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A contract with a party who has been declared incompetent is voidable.

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Contracts with illegal subject matter are voidable.

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What is the upper limit for garnishment of a debtor's wages?


A) 25% of net wages
B) 25% of gross wages
C) 50% of net wages
D) 50% of gross wages

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Telling your broker to sell a particular stock when it reaches $50 a share is a condition precedent.

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