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Explain Intoxicated Contracts and Liability
1. Intoxicated, Clio agrees to sell her restaurant, Diners Cafe, to Evan for half of its real market value. This deal is most likely void if
a. Clio appeared intoxicated to Evan.b. Clio disaffirms the contract after becoming sober.c. Clio was so intoxicated as to have no memory of the deal.d. Evan fraudulently induced Clio to become intoxicated.
2. Under the doctrine of strict liability, liability is imposed strictly according to fault.
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Explain Contract Pricing for Machine Sale and The buyer assumed a lien of $40,000, paid $20,000 cash down and agreed to pay $10,000 per year for eight years plus interest
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