Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross

Exercise 5

Intoxication After Kira had had several drinks one night, she sold Charlotte a diamond necklace worth thousands of dollars for just 5100. The next day, Kira offered the $100 to Charlotte and requested the return of her necklace. Charlotte refused to accept the $100 or return the necklace, claiming that there was a valid contract of sale. Kira explained that she had been intoxicated at the time the bargain was made and thus the contract was voidable at her option. Was Kira correct? Explain.