Intoxicated, Obo enters a contract for the sale of his business, Precision Parts, to Quad for less than its market value. This contract is voidable if, at the time,
a.
Obo understood the legal consequences.
b.
Obo's intoxication was purely voluntary.
c.
Quad fraudulently induced Obo to become intoxicated.
d.
Quad was also intoxicated.

Question

30-11-2022
Business

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Intoxicated, Obo enters a contract for the sale of his business, Precision Parts, to Quad for less than its market value. This contract is voidable if, at the time,
a.
Obo understood the legal consequences.
b.
Obo's intoxication was purely voluntary.
c.
Quad fraudulently induced Obo to become intoxicated.
d.
Quad was also intoxicated.

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ayfat23 ayfat23 · Answer 1 · 2022-12-05T20:18:59+01:00

In a case whereby Intoxicated, Obo enters a contract for the sale of his business, Precision Parts, to Quad for less than its market value. This contract is voidable if, at the time,a. Obo understood the legal consequences.

What is a contract?

A contract can be described as the legally enforceable agreement thatr can be established between two or more parties whgich help to defines, and governs mutual rights and obligations between them.

It should be noted that A contract typically do involves the parties having one func tion or thye other to carry out, in the case above,contract is voidable since at that time Obo understood the legal consequences.

Therefore, option A is correct.

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