A Person Who Disaffirms a Contract Based on Intoxication Is

question 64

True/False

A person who disaffirms a contract based on intoxication is not legally obligated to return the consideration he or she received under the contract to the other party.

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Definitions:

ADR

Alternative Dispute Resolution, a range of processes such as mediation and arbitration used to resolve disputes outside of court.

Neutral Third Party

An impartial individual or entity involved in a negotiation or conflict resolution who does not favor any side involved in the dispute.

Negotiation

A dialogue between parties intended to reach a beneficial outcome over a conflict, disagreement, or deal.

Arbitrations

A method of resolving disputes outside the courts, where the parties involved present their case to a neutral third party for a decision.