Sam contracts with Hugos Sports Equipment to buy a jet ski and to pay for it in

Question:

Sam contracts with Hugo’s Sports Equipment to buy a jet ski and to pay for it in installments. Sam is a minor, and so he can choose to avoid his contractual obligations. The contract between Sam and Hugo is

a. valid.

b. void.

c. voidable.

d. both a and c.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 24, 2024 12:00 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Appellants Meshiel Cooper Traylor (Meshiel) and her minor son Craig Lamar Traylor (Craig) appeal the judgment confirming an arbitration award in favor of Craigs former personal manager, respondent...
Briar Company manufactures and sells dresses at a variable cost of $32 each and a fixed cost of x. It can sell 6,600 dresses at a selling price of $60 to earn an operating income of $14,800 (Option...
Explain how LIBOR is determined
List some of the differences between taxable items for New York State tax purposes and IRS tax purposes?
In accounting for foreign currency transactions, which of the following approaches is used in the United States? LO9 a. One-transaction perspective; accrue foreign exchange gains and losses. b....
Department of Crinkle Chips had 110,000 partially completed units in work in process at the end of March. All of the direct materials had been added to these units, but the units were only 68% of the...
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $115 Feb. 17 Purchase 88 units at $140 July 21 Purchase 35 units at $128 Nov. 23 Purchase 15...
A contract consists of promises between two or more parties to a. refrain from performing some act. b. perform some act in the future. c. perform some act now. d. any of the above.
The requirements of a contract include a. agreement only. b. consideration only. c. agreement and consideration only. d. agreement, consideration, and other elements.
Suppose the writer were to eliminate Paragraph 4. This omission would cause the essay as a whole to lose primarily: F. NO CHANGE G. Schools, both public, and private, H. Both public and private...
Air at $1 \mathrm{~atm}$ and $25^{\circ} \mathrm{C}$ flows in a 4-cm-diameter glass pipe at a velocity of $7 \mathrm{~m} / \mathrm{s}$. The friction factor for this flow is (a) 0.0266 (b)...
Find the regime of the boundary layer at the location of $0.1 \mathrm{~m}$ from the leading edge of an aerofoil, if the airspeed is $80 \mathrm{~ms}^{-1}$, and air condition is at that of sea...
``Nuclear Deterrence,'' by Harvey A . Smith, UMAP327. The author analyzes the stability of the arms race, assuming objectives similar to those suggested by General Taylor. The module develops...
A saturated vapor feed at $1000.0 \mathrm{kmol} / \mathrm{h}$ of methanol $(5.0 \mathrm{~mol} \%)$ and water $(95.0 \mathrm{~mol} \%)$ is fed to a distillation column with 18 stages plus a...
Use the partition functions in Equations 1.98, 1.99, and 1.100 to find the translational, rotational, and vibrational contributions to the average energy of a diatomic molecule. Compare each result...
How many months will it take to save $5000 by making deposits of $60 at the end of every month into an account earning interest at 6% monthly?
What are the principal alloying elements in SAE 4340 steel?
E.I. DuPont de Nemours and Co. manufactures a special fiber that is used to make body armor, fiber-optic cables, and other products. In fact, DuPont controls more than 70 percent of the U.S. market...
Should all commercial arrangements subject to the antitrust laws be evaluated under the rule of reason? Discuss
Hi-Cola Corporation, a U.S. firm, markets a popular soft drink. The formula is secret, but with careful chemical analysis, its ingredients could be discovered. What can Hi-Cola do to prevent its...
Which of the following programs covers custodial care? A HMOs B Medicare Part B C PPOs D Medicare Part A E Medicaid
uppose a taxpayer has exhausted his lifetime exclusion amount and has $14 million. a. Assuming a flat 40% gift tax rate, what is the maximum amount a taxpayer can transfer to her daughter (and still...
Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires high - grade crude oil from low - volume production wells owned by individuals and small...

Sam contracts with Hugos Sports Equipment to buy a jet ski and to pay for it in

Question:

Step by Step Answer:

The correct answer is c voidable When a minor enters i...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions