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ololo11 [35]
2 years ago
8

Sven goes to a bar, drinks eight shots of bourbon, and then goes to an electronics store, where he buys a large flat-screen TV f

or $2,500. If he later wants to void the contract based on his intoxication when he bought it, he will need to prove that ____.
Business
1 answer:
romanna [79]2 years ago
4 0

Answer:

he lacked the mental capacity to enter into the contract

Explanation:

In contract law, someone who lacks capacity to enter into a contract can be said to be someone who is not mentally sound, and hence, such incapacity would render whatever contract such person enters voidable. Being intoxicated is one of the factors that can render one incapable mentally, and as such cannot legally enter into a contract. If Sven wants to void the contract based on his intoxication, he will have to prove that his mental capacity to enter into the contract was impaired by the intoxication. Only then can the contract be voidable.

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A(n) _____ is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during
Tcecarenko [31]
The correct answer is: Subsidized Loans
Hope this helped!
8 0
3 years ago
A company has designed a new product and tested the prototype. what is the next step in product development?
ohaa [14]

Answer:

A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.

Explanation:

Answer option A) Test - market the product.

5 0
3 years ago
What is the present discounted value of $10,000 that is to be received in 2 years if the market rate of interest is 4 percent?
ddd [48]

Answer:

PV = $9,245.56

Explanation:

Giving the following information:

Future value (FV)= $10,000

Number of periods (n)= 2 years

Discount rate (i)= 4% = 0.04

<u>To calculate the present value (PV), we need to use the following formula:</u>

<u></u>

PV = FV / (1 + i)^n

PV = 10,000 / (1.04^2)

PV = $9,245.56

7 0
3 years ago
Firms are organizations that A) take advantage of the public. B) transform resources into products. C) transform outputs into in
loris [4]

Answer:

B

Explanation:

A firm is an organisation that is created to make profit. They transform resources into products

They include :

  • corporations
  • limited liabilities
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7 0
2 years ago
Classic Limo, Inc. provides limousine service to Tri-Cities airport. The price of the service is fixed at a flat rate for each t
Illusion [34]

Answer:

1) See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.

2) The scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.

Explanation:

1) Using the above information, construct an Excel spreadsheet to prepare an analysis of the possible operating income for Classic Limo, Inc.

Note: See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.

2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose?

The scenario that would be chosen is the scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.

Download xlsx
4 0
3 years ago
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