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:

H. Tristram Engelhardt

A philosopher and bioethicist known for his contributions to the fields of medical ethics and bioethics, focusing on moral pluralism and the secularization of bioethics.

Precious Gift

A term often used metaphorically to describe something of great value, usually intangible, bestowed or received.

Permissible

That which is allowed or authorized by law, ethics, or some other governing body.

Hedonistic Utilitarian

A branch of utilitarian ethics focused on maximizing pleasure and minimizing pain as the criteria for determining the moral rightness of actions.