Intoxicated, Efron enters a contract for the sale of his business, Freight Dispatch, to Gretel for less than its market value. This contract is enforceable if, at the time,
A)Efron's intoxication was purely voluntary.
B)Gretel fraudulently induced Efron to become intoxicated.
C)Gretel was also intoxicated.
D)Efron understood the legal consequences.

Question

Quizplus · Accepted Answer

Efron's understanding of the legal consequences of his actions at the time of entering the contract is crucial for the contract's enforceability, regardless of his intoxication. Contracts entered into by intoxicated individuals can still be valid if those individuals understood what they were doing and the legal implications of their actions.

Intoxicated, Efron Enters a Contract for the Sale of His