Question: Reid, while he was so drunk that he didnt know what he was doing, bid successfully at an auction for the purchase of a house.

Reid, while he was so drunk that he didnt know what he was doing, bid successfully at an auction for the purchase of a house. Next morning when he was sobered up

,

he confirmed the contract with the auctioneer. He then subsequently refused to complete the contract.

)

Discuss the legal status of such contract.

)

Differentiate between Malaysian and common law legal positions based on thelegitimacy of agreements entered into by unsound parties.

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