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
inna [77]
4 years ago
10

Hannah allowed her friend Carol to borrow her laptop computer for a week during Thanksgiving Break. During that time Carol, with

out permission from Hannah, sold the laptop to a friend in one of her classes. When Hannah and Carol returned from the break Carol told her that she had sold the laptop because the amount offered by the buyer was "too good to pass up." She then gave the money to Hannah, who said "WOW" and "THANK YOU" and kept the money. Based on these facts is the contract of sale valid against Hannah?
Business
1 answer:
prohojiy [21]4 years ago
6 0

Answer:

Yes, these facts  are valid against Hannah which comes under Ratification Doctrine.

Explanation:

Here in the question its given that Hannah had allowed her friend to lend her computer for a one week period which was during her thanks giving break.

During those times Carol sold that laptop to a friend which was one of them in their class without asking hannah about this.

Now when after the break hannah and carol both return then carol told her that she had sold her laptop because she was getting an amount from the buyer which was too good to pass up so shesold it that moment.

Now when she gave that money to Hannah she instead of scolding her thanked her and her expression was seeming to be like she had done an awsome job for her.

So, based on the facts the contract was valid because it came under Ratification Doctrine.

You might be interested in
an instance where sellers should work to keep relationships with consumers is when they feel that the product
irina1246 [14]
An instance where sellers should work to keep relationships with consumers is when they feel that the product
5 0
3 years ago
Just before the outbreak of the Corona virus you bought a stock expected to pay a constant dividend (without growth) once every
zalisa [80]

Answer: 9.3%

Explanation:

If the company continues to payoff its dividend at current rate, then the price of stock will be:

= Dividend/Rate of return

= 1/5%

= 1/0.05

= 20

Now, when the company isn't expected to pay any dividends for the next two years, the price of stock at the end of year 2 will be:

= Dividend/Rate of return

= 1/5%

= 1/0.05

= 20

Price of stock today will be the present value of p2. This will be:

= 20/(1.05^2)

= 20/1.1025

= 18.14

Loss in value= (20-18.4)/20 × 100

= 1.86/20 × 100

= 9.3%

8 0
3 years ago
A major advantage of the built-in or automatic stabilizers is that they.
julia-pushkina [17]

A major advantage of the built-in or automatic stabilizers is that they require no legislative action by Congress to be made effective.

<h3>What are automatic stablizers?</h3>

Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of the congress. An example of an automatic stablizer is taxes.

In an expansion, progressive tax increases the tax paid by citizens and  in a contraction, tax paid is reduced and this increases disposable income.

Here is the complete question:

A major advantage of the built-in or automatic stabilizers is that they:

(a) simultaneously stabilize the economy and reduce the absolute size of the public debt.

(b) automatically produce surpluses during recessions and deficits during inflation.

(c) require no legislative action by Congress to be made effective.

(d) guarantee that the federal budget will be balanced over the course of the business cycle.

7 0
2 years ago
Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
Basile [38]

Answer:

$4,100 Unfavorable

Explanation:

Data provided as per the question

Budgeted fixed overhead cost = $51,000

Actual fixed overhead cost = $55,100

The computation of the fixed manufacturing overhead budget variance is given below:-

Budget variance = Budgeted fixed overhead cost - Actual fixed overhead cost

= $51,000 - $55,100

= $4,100 Unfavorable

In the given question the right answer is not available. So, the right answer is $4,100 unfavorable.

4 0
3 years ago
Which company developed the first commercially successful computer?
uysha [10]
IBM developed the first commercially successful computer
6 0
4 years ago
Read 2 more answers
Other questions:
  • Melrose Company has an investment in bonds issued by Roscoe Industries that are classified as available-for-sale securities. The
    11·1 answer
  • Liam borrowed a total of $35,000 to pay for college. he pays his parents 3% interest on the $8,000 he borrowed from them and pay
    14·1 answer
  • Radwyn Horticulture Is fixed overhead expenses last month came to $7,699.45. It is known that one salesperson sold 191 saplings,
    14·1 answer
  • The price of a home is $400,000. The mortgage company requires a downpayment of 20% and 1 point at the time of closing for a 30-
    9·1 answer
  • A hospital benchmarked against a ferrari racing team in an effort to:
    11·1 answer
  • Which of the following (all other factors held constant) will cause an increase in a stock’s value?
    14·1 answer
  • Ju Li believes that her sales force should sell in a conventional sense by identifying prospective clients, such as the Coffee C
    5·1 answer
  • Which of the following e-commerce situations does not directly reflect greater consumer variety satisfaction?
    15·1 answer
  • Assume the Canadian dollar is equal to $.90 and the Argentine peso is equal to $.30. The value of the Canadian dollars is _____
    13·1 answer
  • Recognizing marketing greater purpose is one of the four overriding principles of:________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!