When current information falls short of desired information there is an information gap

Which of the following is not true regarding the contracts of intoxicated persons?

A) If an intoxicated person is unable to understand the nature and consequences of his act, then the contract is voidable. B) The effect of intoxication is generally the same as that given to contracts that are voidable because of incompetency. C) Slight intoxication will destroy one's contractual capacity. D) Contracts made while a person is too intoxicated to act in a reasonable manner may be ratified when the intoxicated person regains his capacity.

Action taken by shareholders without holding a meeting is valid under the RMBCA if it is evidenced by a written consent signed by all the shareholders entitled to vote on the action

Indicate whether the statement is true or false