Socialism is defined as the means of production that is owned by the state. Capitalism is a economic system in which private individuals or businesses own capital goods. A Mixed Economy is a system that combines aspects of both Capitalism and Socialism.
Answer:
See explanation below.
Explanation: At common law, minors are allowed to enter into contracts, never minding their provisions. The validity of the contract and its' individual provisions themselves, may or may not be enforceable depending on many other factors.
Therefore, exculpatory clauses are generally not favored by courts and when they are upheld, they are construed strictly against those attempting to invoke them.
Beaver attempted to disaffirm the contract in what is assumed to be a reasonable time by her action of filing suit against the operator. However, most states only permit a minor to disaffirm a contract in its' entirety.
some courts refuse to allow minors to disaffirm fully performed contracts unless they can return all consideration received; and some courts permit disaffirmance but subject the minor to tort liability for his or her misrepresentation.
Also, the court could conclude that Beaver did in fact implicitly accept its terms. However, when a minor enters into a contract, she or he may only accept the terms of the previously unenforceable contract if they do so within a reasonable time after they reach the age of majority. Beaver's filing of a lawsuit against the operator likely constitutes an action intending to implicitly disaffirm the terms, the absence of which is required to affirm a contract by a minor.
Answer:
Explanation:
U know what imma yeet out k bye
Answer:Accounting profit equals total revenue minus accounting costs
Explanation: Accounting profits are actual profits a company makes during a particular accounting year and it can be calculated using the company's total revenue (sales) minus the company's costs ( costs of sales (purchases) plus operating costs) for that particular period under review.
Answer:
If 11 workers can produce a total of 54 units of a product and the 20 worker has a marginal product of six units what is the average product of 12 workers?
11 workers= 54 units
12 workers= ?
12 x 54/11= 59 units
Explanation:
