Suppose that Jack and Hal and Sophia enter in to a contract for the sale of the business. Jack however was drunk at the time that the negotiations took place and at the time of the signing of the contract. Which of the following would be Hal's and Sophie's best defense against this action?1. The contract is void. 2. The contract is valid unless Jack did not know he was entering into the contract or lacked the mental capacity to comprehend its nature. 3. The contract is voidable only if Jack's intoxication was involuntary. 4. The contract is voidable by any party.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that Jack and Hal and Sophia enter in to a contract for the sale of the business. Jack however was drunk at the time that the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which statement describes the term economics?
Answers (1)
Bradford company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. the company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. what is the direct materials quantity variance
Answers (1)
If the U. S. government imposed a tariff on all foreign goods, the immediate result would be which of the following? a. Americans would enjoy a higher standard of living. b. More American jobs would be saved. c. More American jobs would be lost. d.
Answers (1)
rogen Grocer's 2016 balance sheet shows average stockholders' equity of $12,000 million, net operating profit after tax of $1,140million, net income of $380 million, and common shares issued of $1,916 million.
Answers (1)
When society requires that firms reduce pollution, there is a. a tradeoff because of reduced incomes to the firms' owners and workers. b. a tradeoff only if some firms are forced to close. c.
Answers (1)
New Questions in Business
Jeff is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to the volume he will sell monthly.
Answers (1)
One might infer from a debit balance in allowance for doubtful accounts that
Answers (1)
Lee has not been showing up to work on time. which work ethic is he lacking
Answers (1)
Peterson Company estimates that overhead costs for the next year will be $3,400,000 for indirect labor and $850,000 for factory utilities. The company uses machine hours as its overhead allocation base.
Answers (1)
If you are in sydney, australia, and plan to attend a web conference being held at 10:00am us pacific daylight time (pdt) on 29 may 2012, at what local time do you need to log in?
Answers (1)