Intoxicated, Obo Enters a Contract for the Sale of His

question 8

Multiple Choice

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's intoxication was purely voluntary.
• B)Quad fraudulently induced Obo to become intoxicated.
• C)Quad was also intoxicated.
• D)Obo understood the legal consequences.

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Definitions:

Clear-Cut Options

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Organization's Value Systems

The core principles and ethical standards that guide the behavior, decisions, and practices within an organization.

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The set of moral and mental qualities and beliefs that distinguishes one person from others, often influencing behavior and decision-making.

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