Answer:
False.
Step-by-step explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A person who enters into a contract when he or she is intoxicated cannot void the contract even if the terms are obviously favorable to the other party.
By law, an individual can void a contract entered into while under the influence of alcohol or intoxicated, only if he or she doesn't understand or comprehend the legal consequences binding on the parties involved in the contract.
Hence, a contract is legally binding and enforceable even if one of the parties was intoxicated at the time of its formation.