Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 13, 2021

Gordon is 60 years old. He enters into a contract with Constance for a new stereo system. When Gordon turns 18, he moves away to

Gordon is 60 years old. He enters into a contract with Constance for a new stereo system. When Gordon turns 18, he moves away to college, taking the stereo system with him. This is a form of:

express disaffirmance.

implied disaffirmance.

a contract for necessities.

implied ratification.

express ratification.

Step by Step Solution

★★★★★

3.36 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

Ans Given condition is a form of impli... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Andersons Business Law and the Legal Environment

Authors: David p. twomey, Marianne moody Jennings

21st Edition

1111400547, 324786662, 978-1111400545, 978-0324786668

More Books

Students also viewed these Accounting questions

Question

★★★★★

Gordon is 60 years old and Mary is 55 years old. They are married with three dependent children over age 17, and Gordon has one job. Assuming that Mary is unemployed, how many allowances should...

Answered: 1 week ago

Question

★★★★★

The city of Salinas entered into a contract with Souza & McCue Construction Co. to construct a sewer. City officials knew unusual subsoil conditions (including extensive quicksand) existed that would...

Answered: 1 week ago

Question

★★★★★

Cass Company enters into a contract with Dearborn Inc. to sell it $ 50,000 of goods with delivery on May 10, 2017. Cass manufactured the goods at a cost of $ 33,000. The contract is signed on April...

Answered: 1 week ago

Question

★★★★★

M1 is a way to measure... a) the level of bank reserves b) a country's money supply c) the level of savings in a country d) a country's economic potential

Answered: 1 week ago

Question

★★★★★

An electric dipole consists of two electric charges of equal magnitude and opposite sign. If the charges are q and - q are and located at a distance d from each other, then the electric field E at...

Answered: 1 week ago

Question

★★★★★

On May 1 2012, Jaguchi issued $300,000 of 12%, 5-year bonds for $294,200 plus accrued interest. The bonds are dated March 1, 2012, and pay semiannual interest on March 1 and September 1. Jaguchi uses...

Answered: 1 week ago

Question

★★★★★

For each of the ????-values in Exercise 7.40, determine whether or not there is sufficient evidence to reject ????0 when ???? = 0.05.

Answered: 1 week ago

Question

★★★★★

Detroit Central Hospital is trying to improve its image by providing a positive experience for its patients and their relatives. Part of the image program involves providing tasty, inviting patient...

Answered: 1 week ago

Question

★★★★★

Omega Company has 100 million shares outstanding. Its current share price $10. The company's secured bonds are trading at 95% of its face value. These bonds pay coupons once per year. The bonds have...

Answered: 1 week ago

Question

★★★★★

Opus, Incorporated, owns 90 percent of Bloom Company. On December 31, 2012, Opus acquires half of Bloom's $500,000 outstanding bonds. These bonds had been sold on the open market on January 1, 2010,...

Answered: 1 week ago

Question

★★★★★

Which of the following are principles for managing business relationships effectively? Multiple select question. developing a controversial leadership role ensuring civility in the workplace adapting...

Answered: 1 week ago

Question

★★★★★

Simple expected value calculations are at the heart of Kahneman and Tversky's prospect theory. Calculate the expected value of the following gamble. You are playing the following game: draw a card...

Answered: 1 week ago

Question

★★★★★

From the following data prepare a statement of cost of goods manufactured and cost of goods sold of Popular Stoves Manufacturing Co. for the year 2011: Rs. Stock of materials on 1-1-201135,000 Stock...

Answered: 1 week ago

Question

★★★★★

Reflect on your learning experience and course resources and answering the following. Note that this is not a research project and would expect either your personal thoughts or SYST 3 0 0 2...

Answered: 1 week ago

Question

★★★★★

1. What does your company produce? 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analysis for percentage...

Answered: 1 week ago

Question

★★★★★

1. Find and describe a real-world example of a method for enhancing the bond strength between different phases of a composite. Include the materials system, the details of the technique being used...

Answered: 1 week ago

Question

★★★★★

The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020 : 1. Beginning balances were: Cash, $80,000; Taxes Receivable, $185,000;...

Answered: 1 week ago

Question

★★★★★

Interest Compounded Annually. When P dollars is invested at interest rate i, compounded annually, for t years, the investment grows to A dollars, where A = P(1 + i) t . Trevor's parents deposit $7800...

Answered: 1 week ago

Question

★★★★★

The plaintiff, Herbert Rosenthal Jewelry Corporation, and the defendant, Kalpakian, manufactured jewelry. The plaintiff obtained a copyright registration of a jeweled pin in the shape of a bee....

Answered: 1 week ago

Question

★★★★★

When Harriet went away for the summer, Landry, a house painter, painted her house. He had a contract to paint a neighbors house but painted Harriets house by mistake. When Harriet returned from...

Answered: 1 week ago

Question

★★★★★

Vern Westby inherited a ticket from Anna Sjoblom, a survivor of the sinking of the Titanic, which had been pinned to the inside of her coat. He also inherited an album of postcards, some of which...

Answered: 1 week ago

Question

★★★★★

An Associated Press article written by Rukmini Callimachi pointed out that Nike, the worlds largest maker of athletic shoes, has started to feature female models who are not the traditional rail-thin...

Answered: 1 week ago

Question

★★★★★

As the automobile accident rate increases, insurers are forced to increase their premium rates. Companies such as Allstate have recently been running a campaign they hope will result in fewer...

Answered: 1 week ago

Question

★★★★★

A survey of 777 teenagers between the ages of 13 and 18 conducted by JA Worldwide/Deloitte & Touche USA LLP found that 69% agree that people who practice good business ethics are more successful than...

Answered: 1 week ago

Previous Question Next Question