Intoxicated, Clio agrees to sell her restaurant, Diners Café, to Evan for half of its real market value. This deal is most likely voidable if Clio

A. appears intoxicated to Evan.
B. disaffirms the contract after becoming sober.
C. is so intoxicated as to have no memory of the deal.
D. is so intoxicated as to lack comprehension of the legal consequences.


Answer: D

Business

You might also like to view...

What selection criteria should be used for expatriate recruitment?

a) Personality test b) Cross cultural effectiveness c) Analytical skills d) All of the above

Business

A corporation may be able to successfully claim that a law that limits its right to advertise violates its right to freedom of expression

Indicate whether the statement is true or false

Business

Amanda buys a vacuum cleaner to use in her home from retailer Andy. Amanda promises to pay for it in six monthly installment of $50 each. Andy assigns the contract to Big Finance Co who paid value and took without notice of any defense. Amanda has stopped making payments because the vacuum stopped working and Andy refuses to honor the express warranty he made to her at the time of the sale. Big

Finance Co sues Amanda for nonpayment. Generally, any defense that Amanda may have against Andy is good against Big Finance Co a. True b. False Indicate whether the statement is true or false

Business

A study has been conducted to determine if one of the departments in Carry Corporation should be discontinued. The contribution margin in the department is $80,000 per year. Fixed expenses charged to the department are $95,000 per year. It is estimated that $50,000 of these fixed expenses could be eliminated if the department is discontinued. These data indicate that if the department is discontinued, the yearly financial advantage (disadvantage) for the company would be:

A. $15,000 B. ($30,000) C. ($15,000) D. $30,000

Business