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inna [77]
3 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]3 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.

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When you stuff dollar bills under your mattress, knowing that they will be there next year to help buy your next major purchase,
olasank [31]

Answer:

Store of wealth

Explanation:

Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.

Other functions of money are :

1. Medium of exchange: money can be used to exchange for goods and services in transactions.

2. Unit of account: money can be used to determine the value of goods and services being exchanged.

I hope my answer helps you

3 0
2 years ago
On July 1, 2017, Brigham Corporation purchased Young Company by paying $250,000 cash and issuing a $100,000 note payable to Stev
vodomira [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
3 years ago
Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as
Lelu [443]

Answer:

b. No, the return is less than the required rate of 9%

Explanation:

Projected sale = 100000

Projected exp = 86000

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Return on assets = 14000/200000 = 7%

Expected return = 9%

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6 0
3 years ago
The number of years a person that age is expected to have left to live on average is known as?
aleksley [76]
Perhaps, life expectancy...  That may be your answer.

6 0
2 years ago
Read 2 more answers
Purchasing Power Parity (PPP) theory states that A. the exchange rate between currencies of two countries should be equal to the
natulia [17]

Answer:

The correct answer is A and B

Explanation:

PPP stands for Purchasing Power Parity, which is a theory that states or define as the exchange rate among the currencies of 2 countries, which should be equal to the ratio of the price levels of the countries.

It is grounded on The Law of One Price, which states all the identical goods  have the same price.

As the purchasing power of the currency which sharply decrease because of hyperinflation, that currency will be depreciated against the stable currencies.

8 0
3 years ago
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