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Anna [14]
3 years ago
12

Linda has signed a two-year long contract with HNS Inc., a clothing retail store, to work as a sales trainee. Linda’s parents ar

e outraged because Linda is not yet 18 years of age. In this scenario, which of the following elements of the contract between Linda and HNS Inc. has most likely been missed?
A) Legal purpose of the contract.B) Consideration.C) Capacity to contract.D) Mutual assent.
Business
2 answers:
Temka [501]3 years ago
4 0

Answer: The correct answer is "C) Capacity to contract".

Explanation: In this scenario, the "Capacity to contract" element has probably been lost because the Capacity to contract is the ability of a person to enter into valid contracts, and Linda, not being over 18, lacks the  capacity to contract.

alekssr [168]3 years ago
3 0

Answer:

Mutual assent.

Explanation:

Since Linda is not yet 18 years old her parents should give assent on the contract of sales trainee.

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Answer:

                                                 VPI Co.

            Cashflow statement for the year ended December 31

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Operating activities                                            

Net income                                                         59,000

Add Depreciation                                                 7600

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Increase in accounts payable                              3,300

Decrease in accounts  receivable                      <u>  6,600</u>

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Cash received from sale of  machinery              11,300

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Net cashflow                                                        71,700

Cash balance at prior year-end                       <u> </u><u>43,600</u>

Cash balance at current year-end                  <u> 114,300</u>

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The indirect method of cashflow statements starts with the cashflows from the operating activities to Financing and then investing activities.

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