y Texas Real Estate Law Regulations Case Study 1-Scenario: Mr. and Mrs. Smith are working with a buyer's agent to find a home. They have been looking for many months and have seen over 50 properties. Today, they nally found a home they want to make an offer on. They have been looking at homes all morning, and the agent suggests they stop at a local restaurant to have lunch before going to the ofce to write the offer. At the restaurant, the agent buys a bottle of champagne to celebrate nally getting to write an offer. As a practice, the Smiths don't drink alcohol but make an exception this time because they are as excited as their agent to have found a house. As they leave the restaurant, despite having eaten lunch, the couple seem10_b_e a bit tipsy. At the office, while the agent prepares the contracts, Mrs. Smith lays her head on the table, and Mr. Smith takes a nap. Realizing the couple is tired, the agent wakes them and tells them where to sign the offer. Slurring their speech, Mr. and Mrs. Smith apologize for being so "out of it", and they both sign the offer without issues. The agent submits the signed offer to the listing Mam it is accepted. Case Study 1-Scenario questions: 1. Is the contract valid? Why or why not? 2. What would have been a better way for the agent to handle the situation once he realized the couple appeared to be incapacitated? 3. How could the situation be avoided