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Race entered into a written contract to sell a parcel of land to Lark for...

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Accounting

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Race entered into a written contract to sell a parcel of land to Lark for $150,000. At the time the agreement was executed, Race had consumed a large amount of alcoholic beverages that significantly impaired Race's ability to understand the nature and terms of the contract. Lark knew Race was very intoxicated and that the land had been appraised at $280,000, Race wishes to avoid the contract. The contract is: a. Voidable at Race's option b. Void. c. Legally binding on both parties in the absence of fraud or undue influence. d. Voidable at Race's option only if the intoxication was voluntary

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