Contracts
In NJ, a real estate contract entered into by a person under the influence of drugs or alcohol may be:
AAlways void
BVoidable at the option of the incapacitated party if they lacked the mental capacity to understand the transaction✓ Correct
CFully enforceable regardless of impairment
DVoid only if a notary was not present
Explanation
A contract entered into by a person who lacked mental capacity due to intoxication may be voidable by the affected party, provided they can show they did not understand the nature and consequences of the transaction.
Related New Jersey Contracts Questions
- Which of the following is a required element of a valid real estate contract in New Jersey?
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