Let's say John and Bill are drinking at a bar. John is very drunk and says, "I'm sick of my car. I have had it in the shop once a week for the past two months. I'll sell you my Rolls Royce for $1." Bill says, "Wow! I accept!" True or false: John and Bill have a binding contract.
Explanation: There is nothing that binds a contract when someone is intoxicated, if it were to be brought in court, the case would get dismissed due to it being the word of a man who was in a state of intoxication.
