Module 03 Written Assignment – Drinking and Contract Formation Do Not Mix! 2023 Business Finance

2023 Read the following case studies and answer the questions Be sure to use the appropriate legal


Read the following case studies and answer the questions. Be sure to  use the appropriate legal terminology that you learned this week.

Case Study 1

Steve and Bill go out drinking. After Steve has had so many drinks  that Bill knows (or should know) that Steve is very intoxicated, Steve  says to Bill, “I’ll sell you my house for $100,000.” Bill accepts. The  fair market value of Steve’s house is $100,000. Will Steve be able to  void this transaction? Why or why not?

Case Study 2

    Steve writes a letter to Bill one day saying, “I will sell you my  house for $100,000.” Completely unbeknownst to Bill, at the time Steve  wrote the letter he was utterly intoxicated. The fair market value for  the house is $100,000. Will Steve have to sell his house to Bill? Why or  why not?

Case Study 3

Mary, a longtime law professor, has been entering into quite a few  contracts in recent months. One of those contracts was for the purchase  of a riding lawn mower. Unbeknownst to the sales clerk who entered Mary  into the contract, Mary is suffering from Alzheimer’s, but has not been  deemed incompetent by the state. On the day of delivery, the sales clerk  delivers the lawn mower to Mary’s apartment. Mary is surprised by the  delivery of the mower and has no recollection of ordering it. The clerk  shows her the contract. Is this contract voidable and why?

We give our students 100% satisfaction for their assignment, which is one of the most important reasons students prefer us from other helpers. Our professional group and planners have more than ten years of rich experience. The only reason that our inception days, we have helped more than 100000 students with their assignments successfully. Our expert’s group have more than 2200 professionals of different topics, and that not all; we get more than 300 jobs every day more than 90% of the assignment get the conversion for payment.

Place Order Now