Asked by Emily Apodaca on May 08, 2024
Verified
In the First State Bank of Sinai v. Hyland case, the Supreme Court of South Dakota held:
A) Mervin's obligation on a promissory note was void due to his alcohol-related incapacity.
B) Mervin ratified his voidable contract by conduct, making it a fully valid legal obligation.
C) the alcohol intoxication of a party to a contract does not affect the contract's enforceability.
D) Mervin could only use express language to ratify a contract formed while he was incapacitated by alcohol use.
Ratified
Formally approved or confirmed, often in the context of treaties, contracts, or legislative acts.
Promissory Note
A written, legally binding document in which one party promises to pay another a definite sum of money either on demand or at a fixed future date.
Alcohol-Related Incapacity
A state of being unable to function or make decisions due to excessive consumption of alcohol.
- Recognize the legal consequences of intoxication on contractual capacity and the voidability of contracts.
Verified Answer
Learning Objectives
- Recognize the legal consequences of intoxication on contractual capacity and the voidability of contracts.
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