In the First State Bank of Sinai V

question 14

Multiple Choice

In the First State Bank of Sinai v. Hyland case, the Supreme Court of South Dakota held:

• A) Mervin's obligation on a promissory note was void due to his alcohol-related incapacity.
• B) Mervin ratified his voidable contract by conduct, making it a fully valid legal obligation.
• C) the alcohol intoxication of a party to a contract does not affect the contract's enforceability.
• D) Mervin could only use express language to ratify a contract formed while he was incapacitated by alcohol use.

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Definitions:

Brutally Honest

Being uncompromisingly forthright and truthful, even if the truth may be harsh or unpleasant.

Salesperson Uses

The strategies, techniques, and tools employed by sales professionals to engage with customers and successfully sell products or services.

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A questioning strategy that employs a series of questions to gather comprehensive information or facilitate problem-solving, ensuring thorough understanding.

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