Asked by Lourdes Orellana on May 16, 2024
Verified
Payne entered into a written agreement to sell a parcel of land to Stevens.At the time the agreement was executed,Payne had consumed alcoholic beverages.Payne's ability to understand the nature and terms of the contract was not impaired.Stevens did not believe that Payne was intoxicated.The contract is:
A) void as a matter of law.
B) legally binding on both parties.
C) voidable at Payne's option.
D) voidable at Stevens' option.
Intoxicated
A state of being impaired, typically due to the consumption of alcohol or drugs, affecting one's cognitive and physical abilities.
Voidable Option
A contract provision that allows one party to void the contract under certain circumstances, making it enforceable at the discretion of one party.
- Investigate the consequences of intoxication on someone's ability to legally commit to a contract.
- Recognize the conditions that render contracts nullifiable or entirely invalid.
Verified Answer
SN
siyabonga ntelaMay 20, 2024
Final Answer :
B
Explanation :
The mere consumption of alcohol at the time the contract was made is insufficient to void it;intoxication levels have to be so extreme that the person is unable to understand the nature of the business at hand.In this case,the contract is legally binding.
Learning Objectives
- Investigate the consequences of intoxication on someone's ability to legally commit to a contract.
- Recognize the conditions that render contracts nullifiable or entirely invalid.