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masha68 [24]
3 years ago
11

At age seventeen, Luke Skywalker enters into a contract to buy a dozen movies from eHD Stream, Inc., an online video service. So

on after reaching the age of majority, Luke attempts to disaffirm the contract. eHD files a suit against him. The court will most likely consider the contract ratified if it is _________.
Business
1 answer:
serg [7]3 years ago
5 0

Answer:

<u>Executed</u>

Explanation:

Ratification of a contract refers to formally approving a contractual obligation. To dis-affirm refers to back out of a contract wherein the parties to it return the consideration.

A minor, an individual below the age of eighteen years does not have capacity to a valid contract. A minor may void a contract before attaining majority.

When a contract has been signed by both the parties to it, with transaction closed, the contract shall be termed as executed.

In the given case, Luke a minor entered a contract to buy movies. Later upon attaining majority, Luke decides to disaffirm i.e not honor it. The contract in such a scenario shall be considered as formally approved i.e ratified by both parties if it was executed.

In such a case, Luke will have to honor the contract since the disaffirmation period i.e before his attaining majority has lapsed.

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cyber security systems had sales of 3,700 units at $75 per unit last year. the marketing projects of a 10 percent increase in un
jasenka [17]

Answer:

$393,162

Explanation:

Units sold last year were 3,700

the projection for this year is an increase of 10% in volume.

projected units sales for this year will be

=110% of 3,700

=1.1 x 3,700

=4,070 units

The selling price last year was $75.

projected price this year is an increase by 40%

price for this year will be 140% of $75

=140/100 x $75

=1.4 x $75

=$105

Projected sales in dollar will be sales volume x selling price

= 4070units x $105

=$427,350

Purchase return = 8% of projected sales in dollars

=8/100 x  $427,350

=34,188

Net projected sales

= $427,350 - $34,188

=$393,162

6 0
3 years ago
Courts can enforce...<br><br> A. Defense <br> B. LLC<br> C. Contracts<br> D. Partnership
Anni [7]
LLC i think that’s the answer
7 0
3 years ago
Companies that wish to establish a culture of sustainability can ________. vary the type and timing of its sustainability activi
saul85 [17]

Answer:

create rituals to demonstrate the company's efforts to support sustainability action.

Explanation:

If a company wants to incorporate a culture of sustainability in its organization it should bring everyone on board with its goals.

Defining a culture in an organization is difficult and in intangible. Company should involve employees to clearly express its views about sustainability and create a culture to support company's efforts toward sustainability actions.

7 0
3 years ago
Read 2 more answers
Historically, most companies have used the ____ to successfully enter foreign markets. Answer phase model of globalization globa
alina1380 [7]
The right answer for the question that is being asked and shown above is that: "phase model of globalization." Historically, most companies have used the <span>phase model of globalization </span>to successfully enter foreign markets. 
8 0
3 years ago
All of the following stockholders' equity accounts of a foreign subsidiary are translated at historical exchange rates except:?
Citrus2011 [14]

Answer:

a.retained earnings.

Explanation:

All of the below mentioned accounts are acquired at historical cost and cash benefits do not change for them, as because they are acquired on cost, that is  there carrying value is cost and related to amount for which it was acquired, further retained earnings includes the balance of current earnings added, therefore as per rules retained earnings are not converted, on historical conversion rate, and will be converted using current conversion rates of currency.

Final Answer

a.retained earnings.

8 0
4 years ago
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