​Intoxicated but Capable of Comprehending the Consequences of Her Actions

question 44

Multiple Choice

​Intoxicated but capable of comprehending the consequences of her actions, Cricket signs a contract to sell her phone app design to Download, Ltd. This contract is

• A) ​unenforceable because Cricket was intoxicated.
• B) ​enforceable.
• C) ​unenforceable if Cricket disaffirms it.
• D) ​unenforceable if Download disaffirms it.

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Definitions:

Commercial Use

Refers to the use of a product, service, or property in a business or profit-making activity as opposed to personal, non-commercial purposes.

Open-End Credit Plan

A revolving line of credit that allows a borrower to make purchases or obtain loans up to a certain limit and repay part or all of the balance over time, with interest charges on the unpaid balance.

Credit Card Issuer

The financial institution or entity that provides a credit card to consumers, extending credit for purchases and cash advances.

FCRA

Stands for the Fair Credit Reporting Act, a federal law designed to ensure the accuracy, fairness, and privacy of information in consumer credit bureau files.