Business Law 14.0

Question 1

Intoxicated persons BAC

Answer 1

.23%

Question 2

void

Answer 2

to cancel, revoke, invalid, null

Question 3

voidable

Answer 3

capable of being voided

Question 4

rule for intoxicated person contract

Answer 4

a contract entered into by an intoxicated person is voidable, but not automatically void, if the other party knew or had reason to know of the intoxication

Question 5

incompetent persons rule for contract

Answer 5

contracts entered into by incompetent persons are voidable (not automatically void) at their or their parents’ option, so long as they void it within a reasonable time