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deff fn [24]
3 years ago
5

A court adjudicates Huck mentally incompetent and appoints Inez to be his guardian. Later, without Inez's knowledge, Huck signs

a contract to sell his farm to Galen for its real market value. The contract is :
a. void.

b. enforceable if Huck was the record owner of the farm.

c. enforceable if Huck knew the market value of the farm

d. enforceable if Huck comprehended the consequences.
Business
2 answers:
nalin [4]3 years ago
8 0

Answer:

the contract is a. void.

Explanation:

this is because Huck has been declared as mentally incompetent by the court and that can only be changed by the court as well. so, when he agrees to sell and create a contract, it becomes void, no matter the value is or how closely it relates to the market value.

if it was Inez who came into the contract, then the contract would have been legally binding.

Readme [11.4K]3 years ago
6 0

Answer:

a. Void

Explanation:

The contract is void, because when someone is declared mentally incompetent by court, he/she cannot enter into a valid contract. Only the guardian/agent can be the signing authority on his/her behalf. In this case since Huck has signed the contract it will be considered void.

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Answer:

B. $2,000

Explanation:

The principal amount is $100,000

Interest rate is 8% usually per year ( 12 months)

Loan duration, three months:

Annual interest = $100,000.00 x 8%

   =$100,000.00x 0.08

   =$ 8000.00

Interest for 3 months

   =3/12x$8000.00

   =0.25x$8000.00

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4 0
3 years ago
Data concerning Follick Corporation's single product appear below: Selling price per unit $ 270.00 Variable expense per unit $ 7
kumpel [21]

Answer:

Break-even point (dollars)= $219,000

Explanation:

Giving the following information:

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To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 155,490/ [(270 - 78.3)/270]

Break-even point (dollars)= $219,000

8 0
3 years ago
A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 yea
taurus [48]

Answer:

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8 0
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ch4aika [34]

Answer:

informed consent

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An increase in supply for corn is greater in magnitude than the increase in the demand for corn. As a result, the equilibrium pr
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Answer:

Equilibrium price will DECREASE and equilibrium quantity will INCREASE

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