ContractsTypes_of_contractsMEDIUM
A buyer signs a purchase agreement while intoxicated to the point of not understanding the nature of the transaction. What is the most likely status of this contract?
Correct Answer
D) Voidable contract
A contract signed by a person so intoxicated they cannot understand the nature of the transaction is typically voidable at that party's election.
Answer Options
A
Enforceable contractB
Bilateral contractC
Executed contractD
Voidable contractWhy This Is the Correct Answer
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Background Knowledge for Contracts
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Real World Application in Contracts
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Related Topics & Key Terms
Key Terms:
types_of_contractscontractsvoidableintoxication
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