Final answer:
Law generally considers contracts void or voidable if either the offeror or offeree is deemed insane, as such parties lack the mental capacity required for a valid contract.
Step-by-step explanation:
If either the offeror or offeree is deemed insane, the law will generally regard any contract made as void or voidable. This is because one of the essential elements of a valid contract is the capacity of the parties to understand the nature and consequences of the contract. Capacity refers to the legal ability to enter into a binding agreement, and if a person is found to be insane at the time the contract is made, they may lack the mental capacity to engage in the contract. Therefore, the contract may be considered void from the beginning (ab initio) or voidable at the option of the party lacking capacity, depending on the jurisdiction and specific circumstances surrounding the agreement.
If either the offeror or offeree is deemed insane, the law will declare the contract void. This means that the contract is not legally enforceable and the parties are released from their obligations. Insanity is considered a legal incapacity that may prevent a person from understanding the terms of the contract or making rational decisions. In such cases, the law aims to protect the interests of the mentally ill individuals.