Answer:
a. he or she has not ratified the contract on reaching majority.
Explanation:
Generally a minor is allowed to dissaffirm a contract they entered when they were underaged. Also when they attain the age of majority they will need to ratify the contract for it to be binding.
In the case where the contract has not been ratified on reaching majority, it can still be dissaffirmed.
Contracts with minors are void, and only some state laws allow for ratification of the contract on attainment of majority age.
Answer: cash flow
Explanation:
Cash flow refers to the net amount of cash and cash equivalents which is being transferred into and out of a business.
The cash flow is an important financial statement of any business. It's vital for all businesses to keep a watch on their cash flows. This is vital in knowing if the business is making a profit or loss.
True, in some cases I would argue.
Answer:
Option (C) is correct.
Explanation:
Lorenz curve is a graphical representation of percentage of total national income on the y-axis and percentage of total population. This curve shows us the degree of inequality of income distribution. It is one of the crucial measure of poverty.
In a inequality income distribution graph, there is a straight diagonal line at 45 degree angle and the Lorenz curve. The larger the difference between these two curves, the larger will be the inequality in the income distribution.
