Which of the Following Is Untrue Regarding the Contracts of Intoxicated

question 17

Multiple Choice

Which of the following is untrue regarding the contracts of intoxicated persons?

• A) If an intoxicated person is unable to understand the nature and consequences of his act, then the contract is voidable.
• B) The effect of intoxication is generally the same as that given to contracts that are voidable because of incompetency.
• C) Slight intoxication will destroy one's contractual capacity.
• D) To make a contract voidable, a person need not be so drunk that he is totally without reason or understanding.

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Definitions:

Future Value

The value of an investment at a specific date in the future, accounting for factors such as interest rates and compounding.

Present Value

The contemporary monetary value of forthcoming sums or cash flow instances, considering a chosen rate of return.

Timing

The selection of a specific time or rate when certain financial actions are to be taken or investments made.

Future Payments

Future payments refer to money that will be paid at a forthcoming date as a result of contractual obligations or anticipated transactions.