Legally binding on both parties in the absence of fraud

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Valerie etered into a written agreement to sell a parcel of land to Brian for $50,000. At the time the agreement was executed, Valerie had consumed a large amount of alcohol that significantly impaired her ability to understand the nature and terms of the contract. Valerie, now completely sober, wishes to avoid the contract. The contract is: Void. Legally binding on both parties in the absence of fraud or undue influence. Voidable at Valerie’s option only if the intoxication was involuntary. Voidable at Valerie’s option.

Reference no: EM132237778

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