Examlex
Which of the following statements is false?
Sale Agreement
A formal document that outlines the terms and conditions under which a seller agrees to sell and a buyer agrees to buy certain goods or property.
Intoxicated Persons
Intoxicated Persons are individuals whose mental and physical faculties are impaired due to the consumption of alcohol or drugs.
Fair Market Value
The price a willing buyer would pay a willing seller for property in an open and competitive market, where both parties have reasonable knowledge of the relevant facts.
Contract Validity
The legal enforceability of a contract, requiring it to meet certain established criteria like mutual consent, consideration, and legality of purpose.
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