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 has been appraised at $280,000. race wishes to avoid the contract. the contract is

In a "dutch auction" for new stock, individual investors place bids for shares directly. each potential bidder indicates the price he or she is willing to pay and how many shares he or she will purchase at that price. the highest price that permits the company to sell all the shares it wants to sell is determined, and this is the "market clearing price." all bidders who specified this price or higher are allowed to purchase their shares at the market clearing price. true false