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Steve and bill go out drinking

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Steve and Bill go out drinking. After Steve has had so many drinks that Bill knows (or should know) that Steve is very intoxicated, Steve says to Bill, "I'll sell you my house for $100,000." Bill accepts. The fair market value of Steve's house is $100,000. Will Steve be able to avoid this transaction? Why or why not?

Reference no: EM131642326

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