Reference no: EM132313563

Lisa and Bob, potential business associates, met at a bar and grill regarding a new business venture they had been planning. Lisa brought a typed of copy of a contract, listing specific responsibilities and financial commitments that would be a part of the business venture. They both discussed the business venture under a nice meal. Since Lisa does not drink alcohol, she did not order any alcoholic beverages. Bob does and started off with a few drinks and throughout the night, increased them quite a bit to the point that he was so intoxicated he realized the smart thing to do was not do drive. He left his car at the restaurant and had Uber take him home. Bob also signed the contract that Lisa brought.

1. Is this a valid contract that can be enforced why or why not?

2 (a) If Bob signed the contract right before Uber picked him up, is the contract voidable? in other words, can it be disaffirmed (renounced). Explain.

(b) How about if Bob signed the contract before his drinks arrived?

1. What about if Bob was a minor and sober and signed the contract?

(a) Is the contract valid?