Suppose that Jack and Hal and Sophia enter in to a contract for the sale of the business. Jack however was drunk at the time that the negotiations took place and at the time of the signing of the contract. Which of the following would be Hal's and Sophie's best defense against this action?1. The contract is void. 2. The contract is valid unless Jack did not know he was entering into the contract or lacked the mental capacity to comprehend its nature. 3. The contract is voidable only if Jack's intoxication was involuntary. 4. The contract is voidable by any party.
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