Person W was threatened with foreclosure of her home for her mortgage in default. She decided to sell the house. Persons M learned about this and agreed to pay off her debt in return for the sale of house and consideration of $17,000. They signed a contract of sale which stated the purchase price to be $1,800 and not $18,000. Person W contacted an attorney few hours later to declare the said contract to be void on account of her intoxication during signing the contract. To discuss: Whether person W can set aside the sale on account of her intoxication and her mental weakness.

Question

Want to see the full answer?

Answer 1

Question

Chapter 14, Problem 17CP

Summary Introduction

Case summary:

Person W was threatened with foreclosure of her home for her mortgage in default. She decided to sell the house. Persons M learned about this and agreed to pay off her debt in return for the sale of house and consideration of $17,000. They signed a contract of sale which stated the purchase price to be $1,800 and not $18,000. Person W contacted an attorney few hours later to declare the said contract to be void on account of her intoxication during signing the contract.

To discuss: Whether person W can set aside the sale on account of her intoxication and her mental weakness.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Please answer question 3. Provide in-text citations and references within 2019-2025. the company is a solar company

accreditation. Thato had to work with international bodies, adding complexity and expense to her operations. Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment. She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access shared resources, knowledge, and training programs. She also collaborated with the government to participate in a public-private initiative promoting sustainable farming, which provided her with a modest grant. Thato leveraged digital platforms to connect directly with customers, eliminating intermediaries and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her business, even during economic disruptions caused by the COVID-19 pandemic. By the end of 2023, Savannah Organics had expanded its operations to 15 hectares, supplying produce to supermarkets across the country and partnering with health-focused restaurants. Thato's journey highlights both…

Case Study: Savannah Organics In the fast-developing economy of Botswana, a young entrepreneur, Thato Dlamini, decided to venture into organic agriculture. Inspired by the growing global demand for organic produce, Thato founded Savannah Organics in 2019, aiming to supply pesticide-free fruits and vegetables to urban markets. The company started with a modest 5-hectare plot on the outskirts of Gaborone. Despite its potential, Savannah Organics faced significant challenges linked to the entrepreneurial environment. Access to funding was one of the primary obstacles. Thato struggled to secure a bank loan, as the financial institutions required collateral far beyond her means. Her attempt to raise funds through grants was equally difficult, with bureaucracy and lack of clear guidance delaying her applications. Another challenge was the lack of supportive infrastructure. Irrigation systems and farm equipment were either unavailable locally or prohibitively expensive, forcing Thato to…