BUSAD 120 Lecture Notes - Lecture 25: Undue Influence, Uniform Commercial Code, Life Estate
Document Summary
Have been caught and court has ruled insanity. Any contracts entered to after declared insane are void. Judge has to determine you cant enter into contract. Every contract after that is voidable if there was a contract before. Must prove that you were so intoxicated that you did not understand the nature on the contract. Disaffirmance due to intoxication is difficult to prove. If you disaffirm you still owe restitution (must pay) not a choice like the minor example. It falls into the same category as detrimental reliance or promissory estoppel or quasi-contract. It"s things that are extremely, extremely hard to win and rarely is it successful. Don"t count on this unless its all you have. Contract must be legal to be enforceable. Illegal contract is void if it goes to very nature of the contract. Where one side has unequal bargaining power to a gross extent compared to the other party.
