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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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The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them ar
yuradex [85]

The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.

What is Quasi-contract terms?

  • When there is a dispute between the parties and there was no initial agreement between them, the court may construct an out-of-order contract. This contract has the obligation to prevent one party from unfairly benefiting at the expense of the other parties. This circumstance is known as a quasi-contract.
  • A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.
  • A court enacts it to address a situation where one party gains something at the expense of the other.
  • A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract. A court enacts it to address a situation where one party gains something at the expense of the other.

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5 0
2 years ago
Costs, such as investigating the possibilities of and actually creating or acquiring a trade or business.
Mnenie [13.5K]

Answer:

Start up costs

Explanation:

By definition Startup costs "are the expenses incurred during the process of creating a new business". W can classified as pre start up costs and post start up costs.

For the pre start up costs we have for example research, borrowing costs, and expenses for technology and science.

For the post-opening startup costs we have advertising, promotion, and expenses related to the company.

So the best description for startp up costs is: "Costs, such as investigating the possibilities of and actually creating or acquiring a trade or business."

3 0
3 years ago
Economists use price indices to remove _______ from price measurements.
Salsk061 [2.6K]
The answer is C. Inflation

Price indices are a normalized average of price relatives for a given types of products ( either goods or services) in a specific region, during specific interval of time

It's provided a statistic that is designed to compare the prices while separating the inflation as a factor
3 0
3 years ago
Isabella is working with her boss on how to achieve the goals that have been set for the next year. So far they have agreed that
EastWind [94]

Answer:

B) MBO

Explanation:

An MBO is a secondary vocational education program carried out in the Netherlands. It lasts for four years and its courses go from assistant training, basic vocational training, professional training and finally middle-management training. It is basically the dutch equivalent of technical college, since you start the MBO when you are around 18 years old. After you complete your MBO you can continue your college education.

The MBO covers a lot of professions but it is basically hands on training, since between 20 -60% of the time is practical training (they work as someone else's assistant or trainee).

Isabella is her boss's trainee and since she is about to graduate, she must start training 2 new assistants.

4 0
3 years ago
A store has 5 years remaining on its lease in a mall. Rent is $1, 900 per month, 60 payments remain, and the next payment is due
photoshop1234 [79]

Answer:

a) No, since the present value of new lease is more than old.

b) Detailed information about the explanation is shown below

c) At 39.80%  nominal WACC

Explanation:

a

           PV of old and new lease terms

            Old              Cash Flow                New              Cash Flow

             0                  0                               0                    0                    

           1-9               - 1900                         1-9                   0                    

       10-60              - 1900                         10-60              2700

           NPER              60                          NPER                60

           rate                  1%                          rate                   1%

           PV             ($85,414.57)                PV                   ($98,250.36)

                            PV ( 1%, 60, 1900)                 PV ( 1%,9,- PV(1%,51, 2700))

Should the new lease be accepted? <u> No, since the present value of new lease is more than old.</u>

b)   If the store owner decided to bargain with the mall's owner over the new lease payment, what new lease payment would make the store owner indifferent between the new and the old leases?

For this part pv of old lease should be equal to pv of new lease at t = 9

                85414.57 × (1.01)⁹                             93416.657

                Nper                                                  51

                Rate                                                   1%

                New lease amount                           ( $2,347.26)

                                                                           PMT (1%, 51,93416.66)

c)

        Period      Old Lease       New Lease      Change in lease

          0                  0                    0                     0  

         1-9            -1900                 0                    -1900  

        10-60        -1900                  -2700             800

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800  

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800

        3.317%                  x 12   =   39.80%

IRR(Values 1:60)

The store owner is not sure of the 12% WACC - it could be higher or lower. At what nominal WACC would the store owner be indifferent between the two leases?

At 39.80%  nominal WACC

4 0
3 years ago
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