Question

In need of money, the owner of a ring prepared an email one evening proposing to sell the ring to a friend for $500, but only if he responded within 24 hours. Unable to bring herself to send the email, the owner, who normally was a teetotaler, began drinking. When she was thoroughly intoxicated, she sent the email without realizing it. After the owner sobered up the following afternoon, she called her friend and said that she had never meant to send the email, but her friend informed her that he had already responded by email, agreeing to the transaction. Does a valid contract exist

Answer 1

Answer: No

Explanation:The law presumes that some people do not have the power to form contracts. These people are:

children under the age of 7

people who lack mental capacity

people who are under the influence of drugs or alcohol