Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your favorite singer is Lady Gaga. Your friend, who knows about your interest in Lady Gaga, was looking on Craigslist and saw two tickets for

Your favorite singer is Lady Gaga. Your friend, who knows about your interest in Lady Gaga, was looking on Craigslist and saw two tickets for sale in the third row of the Lady Gaga concert in your city two weeks from now. Your friend knows that if he doesnt act immediately and checks with you first, the tickets will likely be gone. So, your friend contacts the seller and arranges to buy the tickets. Your friend expects that you will pay for these tickets. When your friend tells you what he did, you are thrilled and tell your friend that you will pay for the tickets.

Are you legally bound to purchase the tickets?

A. No, you arent, because you did not ratify your friends actions.

B. Yes, you are, because you ratified your friends actions.

C. No, because you did not authorize your friend to purchase the tickets.

D. Yes, you are, because your friend did you a favor.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Cost Management A Strategic Emphasis

Authors: Edward Blocher, Kung Chen, Thomas Lin

1st Edition

0070059160, 978-0070059160

More Books

Students also viewed these Accounting questions

Question

=+a) What is the standard deviation of the sample mean?

Answered: 1 week ago