In the First State Bank of Sinai V

question 57

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:

Resignation Notice

Formal notification provided by an employee to their employer indicating their intention to leave their current position.

Formal Resignation Letter

An official document a person submits to their employer, notifying the intent to resign from their job position.

Printed Lines

Text or graphics that are transferred to paper or other substrates through various printing processes.

Paragraphs

A distinct section of a piece of writing, typically dealing with a single theme and indicated by a new line, indentation, or numbering.