Which of the Following Is True If a Contract Is

question 42

Multiple Choice

Which of the following is true if a contract is disaffirmed on the basis of intoxication?

• A) Each party to the contract must return the other to the condition he or she was in at the time the contract was entered into.
• B) The intoxicated person must be returned to the condition he or she was in at the time the contract was entered into, but that is not true for any other party.
• C) Any party other than the intoxicated person must be returned to the condition he or she was in at the time the contract was entered into.
• D) So long as the contract was objectively fair, neither party must be returned to the condition he or she was in prior to the time the contract was entered into.
• E) So long as the contract was subjectively fair in the opinion of the intoxicated party, neither party must be returned to the condition he or she was in prior to the time the contract was entered into.

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Definitions:

Coordination

The method of coordinating individuals or teams to ensure they collaborate effectively and efficiently.

Functional Departmentation

The process of grouping together jobs and tasks into departments based on similarity in functions, such as marketing or finance.

Chemists

Professionals who study chemicals and their interactions, often involved in developing new substances and analyzing compounds.

Product Departmentation

An organizational structure strategy grouping jobs and activities by specific products or product lines.