1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
quester [9]
3 years ago
8

Your 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to give $10

,000 to a complete stranger. he signed the contract and just needs to pay the stranger and pick up the car. your dad is upset and calls the stranger to tell him your brother will not be buying the car. the stranger can:
Business
1 answer:
PSYCHO15rus [73]3 years ago
8 0

In this case the stranger should disregard the contract.

The key piece of information in this question is that the purchaser is only fifteen years old. In order to enter into a contract both parties must be 18 years old. Since the signer in this case is not 18 the contract is not valid.

You might be interested in
Drew bought a computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and signed a security agreement for
Svet_ta [14]

Answer:

Obtain a deficiency judgment against Drew for the amount owed.

Explanation:

Even though Hale repossessed the computer, it must still seek a deficiency judgment against Drew in order to recover the money owed. If Drew cannot pay his debt, he has the right to request Hale to sell the computer in order for Hale to recover the money owed.  

Repossession is one way that a lender can use to reclaim property that was put as collateral for a loan. For example, if you do not pay your car loan, the lender can simply repossess your car by taking it away without a court order. But the debtor still had the right to try to reclaim the property by paying the debt or agreeing on some type of payment procedure.

6 0
3 years ago
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,110,00
Ksivusya [100]

Answer:

$1,83,000

Explanation:

Sales = 4,535,000

Cost of goods sold = $2,560,000

Operating expenses  =  $1,382,000

Average total assets = $4,110,000

Net Income =  Sales - Cost of goods sold -  Operating expenses

= $4,535,000 - $2,560,000 -  $1,382,000

=  $5,93,000

Target income = 10%  of Average total assets

= 0.10 × $4,110,000

= $410,000

Thus,

Residual income = Net income - Target income

= $5,93,000 - $410,000

= $1,83,000

7 0
3 years ago
On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be
never [62]

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

3 0
3 years ago
Cars typically loss the most value in the first year after purchase
uranmaximum [27]
SORRY I NEED MORE INFO what exactly are you looking for?
5 0
3 years ago
How does recycling help bridge the gap between renewable and nonrenewable resources?
jasenka [17]
An item that is recycled requires less energy than the disposal and manufacture of a new item. As a result, it can limit the waste of nonrenewable resources such as fossil fuels. More efficient use of nonrenewable resources increase their lifetime reserves, making them more comparable in logetivity to renewable resources.
6 0
3 years ago
Other questions:
  • Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2018 include: b
    5·1 answer
  • he Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist:Premiums Paid for Key Officer Life Insur
    8·1 answer
  • In communicating the unique customer benefits of its various products to its target segments, thermos is defining its ________,
    14·1 answer
  • Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance
    13·1 answer
  • A system stabilized by negative feedback, with opposing processes offsetting each other, is said to be in ________. Group of ans
    13·1 answer
  • A broker desires to keep an escrow account in an interest bearing account. Would this be legal?
    9·1 answer
  • During a recent brainstorming session, one of Franklin's co-workers suggested that their company could sell some of the data con
    11·1 answer
  • Mark is approaching the implementation phase of the new asset management system (AMS). To test the system's viability and work o
    6·1 answer
  • of $3.00 per unit. The variable cost to manufacture is $2.00 per unit. The monthly fixed costs are $8000. Its current sales are
    8·1 answer
  • Is income debit or credit
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!