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skad [1K]
3 years ago
14

Natalie, age 17, rented a power washer and while using the machine, she negligently damaged it beyond repair. Under the majority

view, the rental company can successfully sue Natalie for damages on a tort theory of negligence since it is well settled that minors are liable for their torts.
Business
1 answer:
anzhelika [568]3 years ago
8 0

Answer:

False

Explanation:

Natalie can return the washing machine without being liable for any replacement costs. Natalie is a minor, and minors cannot legally sign a contract except for purchasing necessities, e.g. food, clothes.  

Since the washing machine probably had a significant cost, there should have been a written contract between the parties. The rental company should have requested Natalie some type of legal identification before renting the washing machine and signing the contract. Their only possible defense is that Natalie used a forged ID when she rented the machine, and that they were ticked by it.

But if the rental company cannot prove that Natalie tricked them using some fake ID, then Natalie has the right to void the contract and return the item. It doesn't matter if the washing machine suffered damages or not, Natalie is not liable for any reparation or replacement costs.  

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An investor pays $900 for a bond with a principal value of $1,000 and a coupon rate of 8%. How much in annual interest will the
solmaris [256]

Answer:

Annual Interest = $80

Interest rate = 8.89%

Explanation:

The investor pays discounted price for this bond.

We know, Annual Interest = Coupon payment/Market value

Given,

Coupon payment = Principal value*Coupon rate

Coupon payment = $1,000*8% = $80

Market value = Price pays for the bond = $900

Therefore, the annual interest rate = $80/$900

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Note that, coupon payment is the annual interest rate.

5 0
4 years ago
The first three steps to allocating manufacturing overhead are taken before the year begins and include all of the following exc
maks197457 [2]

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Explanation:

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5 0
4 years ago
Which of the following are sections of the Schedule of Cost of Goods Manufactured? (You may select more than one answer.
Natasha2012 [34]

Answer:

C, D , E , F.

Explanation:

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Sorry if I don't get this right I never had this question before.

3 0
4 years ago
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