It estimates that after five years it can sell the equipment for $2,000. During year 2017, the band performs 55 concerts.
Answer:
The right answer is percentage lease.
Explanation:
A percentage lease can be defined as the lease in which the person who takes the place on rent has to give a fixed base rent plus some percentage of the total sales.
In the given scenario, Tyra is giving the base rent plus 10% of her total sales as monthly rent to the owner which corresponds to the percentage lease.
Hence, the most appropriate answer is percentage lease.
Answer:
Marty has ratified the contract and is now bound by the terms.
Explanation:
In the given case as we can see that the Marty was minor and as per the act the eligibility to enter into a contract should be in the age of 18 years or above so here the contract should be voidable but after 3 years he would be 19 years and now he would ratified the contract and now bound with the contract terms
Hence, the above represent the answer