A contract made by an intoxicated individual who understands the consequences is considered to be:

A contract made by an intoxicated individual who understands the consequences is deemed valid because their comprehension of the contract's implications signifies that they possess the necessary mental capacity to enter into the agreement. For a contract to be valid, the parties involved must have the legal capacity to agree, meaning they understand what they are agreeing to and can appreciate the consequences of their actions. In this case, despite the individual being intoxicated, their awareness of the consequences indicates their ability to comprehend and consent to the terms laid out in the contract.

In the context of contract law, other options suggest varying degrees of incapacity or lack of enforceability. A void contract indicates that it is entirely unenforceable from the outset due to a fundamental issue, while a voidable contract can be enforced or rejected at the discretion of one party, typically involving incapacity or duress. Unenforceable suggests that, for some legal reason, the contract cannot be upheld in court, despite being valid in its nature. Since the individual understands the terms and consequences, the agreement remains valid, making it enforceable under the law.