A minor purchased a desk, computer, and printerall on sale. If the minor later attempted to purchase
Question:
A minor purchased a desk, computer, and printer—all on sale. If the minor later attempted to purchase only the computer, the salesperson could legally refuse to limit the sale to the one item on the grounds of the buyer’s minority. In this example, what is the legal principle regarding partial ratification of the minor’s contract?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
When a minors contract is ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following represent errors that could occur in a computerized environment. Required For each error, identify a control procedure that would have been effective in either preventing or detecting...
-
The following are narrative descriptions of sales systems and controls for these two different businesses. Avocet Inc. Avocet is a franchise fast food restaurant business. When customers order food,...
-
A seller agreed to give a buyer the first right to purchase the remainder of her property if she chose to sell it. When the seller became deceased, the buyer filed suit against the estate, seeking...
-
You have been provided the following data about the securities of three firms, the market portfolio, and the riskfree asset: a. Fill in the missing values in the table. b. Is the stock of Firm A...
-
List possible causes of fever, and explain the benefits of fever.
-
Cheng Co. reports the following information for the coming year. Labor rate, including fringe benefits Annual labor hours Annual materials purchases Annual overhead costs: Materials purchasing,...
-
Capital costs. Money invested in inventory is not available for other uses and as such represents a lost opportunity cost. The minimum cost would be the interest lost by not investing the money at...
-
The accountant of Kooks Shoe Co. has compiled the following information from the companys records as a basis for an income statement for the year ended December 31, 2008. Rental revenue...
-
Is debt good or bad for the firm? What things should firm managers consider when deciding whether or not to use debt financing?
-
The following are the abridged financial statements of Boston Ltd ("Boston") and its subsidiary Denim Ltd ("Denim"), that both sells consumer goods, at 31 December 2022. STATEMENT OF FINANCIAL...
-
Discuss what is meant by age of majority and how it affects the legal status of minors entering into contracts.
-
A 17-year-old dancer signed a contract for a season with a ballet company. After rehearsals and two performances, the dancer received a better offer from another company. Could she terminate the...
-
Use the following definition to find the midpoints between the given points on a straight line. The midpoint between points (x 1 , y 1 ) and (x 2 , y 2 ) on a straight line is the point. (4, 9) and...
-
Sketch the requested conic sections in Problems 14-23 using the definition. A parabola with the distance between the directrix and focus 1 unit
-
Why is the Rosenblum case a particularly important case in auditor liability?
-
Draw a population curve for a city whose growth rate is \(1.3 \%\) and whose present population is 53,000 . The equation is \[P=P_{0} e^{r t}\] Let \(t=0,10, \cdots, 50\) to help you find points for...
-
Draw a bar graph for each data set in Problems 32-35. Data set B Data set A: The annual wages of employees at a small accounting firm are given in thousands of dollars. 35 25 25 16 14 1 2 25 18 2 2...
-
For the four unrelated situations, A-D, below, calculate the unknown amounts indicated by the letters appearing in each column: B D Beginning Assets... Liabilities.. $40,000 $12,000 $28,000 $ (d)...
-
When calculating an expected value, ________. a. The result should always be 1 b. The result should always be a positive value c. The result should always be a negative value d. The result can be a...
-
Global.asax is used for: a. declare application variables O b. all other answers are wrong O c. declare global variables O d. handle application events
-
Study each of the following case. Answer the questions that follow with Yes or No. Perez rented a vacant building, signing a lease indicating that he would open a movie theater. When Perez began...
-
Name the requirements that must be met for an invention to receive a patent.
-
Protecting Trade Secrets Should an individual who is offered an employment position sign an employment contract that contains a restrictive covenant?
-
Mediocre Company has sales of $120,000, fixed expenses of $24,000, and a net income of $12,000. If sales rose 10%, the new net income would be: Question 18 options: $16,800 $36,000 $13,200 $15,600
-
1. Why might managers of small restaurants decide not to adopt the standard work hour approach to controlling labour cost? (minimum 150 words )
-
Which statement is true regarding the U.S. GAAP impairment test for limited life intangibles? A. U.S. GAAP impairment is likely to be greater than IFRS impairment. B. The impairment test for limited...
Study smarter with the SolutionInn App