How is a contract made by a person who is intoxicated, but aware of the consequences of his/her actions classified?

A contract made by a person who is intoxicated but still aware of the consequences of their actions is classified as valid because the individual has met the necessary criteria for contractual capacity at the time of the agreement. In contract law, for a contract to be considered valid, the parties involved must have the capacity to enter into a contract, which includes being able to understand the terms and implications of the contract.

When a person is intoxicated but still possesses a sufficient understanding of their actions and the terms they are agreeing to, they demonstrate the cognitive ability needed to form a legally binding agreement. This understanding indicates that the intoxication does not impair their capacity to the extent that they cannot comprehend what they are doing or the legal consequences of their actions.

In contrast, a void contract would imply that the agreement has no legal effect from the beginning, while a voidable contract gives the affected party the right to affirm or reject the contract due to certain circumstances, such as being unable to understand the agreement. An invalid contract is one that lacks the essential elements required for a legal contract and is, therefore, unenforceable from the outset. By being aware of the consequences, the person retains their capacity to contract, leading to its classification as valid.