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.

Question

Quizplus · Accepted Answer

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.

Payne Entered into a Written Agreement to Sell a Parcel