Contracts
A Florida real estate purchase contract is signed but one party later discovers they were intoxicated at the time of signing. The contract may be:
AVoid automatically
BVoidable at the intoxicated party's option if they lacked capacity at the time✓ Correct
CEnforceable regardless of capacity
DVoid only if both parties were intoxicated
Explanation
A contract signed while intoxicated to the point of lacking contractual capacity may be voidable at the option of the intoxicated party. However, if the party ratifies the contract after regaining sobriety, it becomes enforceable.
Related Florida Contracts Questions
- A Florida property listed at $450,000 receives an offer for $430,000 with a 45-day closing period. The seller counters at $440,000 with 30-day closing. The buyer does NOT respond within the offer deadline. What is the status?
- A Florida real estate transaction is subject to a 'subject to' clause requiring the buyer to obtain a satisfactory home inspection. If the inspection reveals issues, the buyer in a typical FAR-BAR AS IS contract may:
- Under Florida's 'Parol Evidence Rule,' when a written real estate contract is complete and unambiguous:
- In Florida, a 'bilateral contract' is one in which:
- A Florida purchase contract includes a 'mortgage contingency.' If the buyer cannot obtain financing by the specified deadline, the buyer may:
- Which of the following best describes a 'contingency' in a Florida real estate purchase contract?
- A Florida listing that specifies a 'net listing' amount means the broker:
- A counteroffer in a Florida real estate transaction legally:
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →