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
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.

You might be interested in
n project quality management, ________ involves monitoring specific project results to ensure that they comply with the relevant
melamori03 [73]

Answer:

Quality Control

Explanation:

The Quality control includes review each phase of the project and assessing whether the company has delivered its fair share according to the contract clauses and its implied duties. The quality controlers have a set of checks which provide sufficient evidence whether or not the relevant quality standards are met or not.

3 0
3 years ago
Which of the following is the BEST reason to use cash for making purchases?
zhuklara [117]

Answer:

C.

Explanation:

4 0
3 years ago
Read 2 more answers
When iTunes sells a song or movie, it must record the transaction in accounts. Which accounts might iTunes use when it sells a s
Kay [80]

Since the actual process of the transaction is instantaneous, and its takes the money directly out of your account, the account they're dealing with is most likely Revenue.

Accounts Receivable is also another option that may come to mind, but remember that in this account, the seller is waiting for payment. Once the responsible party pays the seller, A/R is credited (decreased) and Revenue is debited (increased).

With iTunes (as stated previously), the transaction happens right then and there. We pay cash and iTunes gives us the song/movie/album/etc. Therefore, the only logical answer would be <u>Revenue</u>. In this case, <em>Sales Revenue</em> since we're dealing with a type of retailer and not a service.

7 0
3 years ago
Markets and competition Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly c
Nadya [2.5K]

Answer:

The answer is true.

Explanation:

The sellers in the perfectly competitive market become price takers as they have to sell under the price decided in the market through supply and demand.

This is mainly because there is no way to differentiate the product to change the price. Since all goods are identical, one good is a perfect substitute for another.

7 0
4 years ago
The new team leader is a seasoned executive recognized for her strengths in leadership and team structuring. She also has the po
horrorfan [7]

Answer:

Explanation:

There is not enough data to answer that, imo, is there a group to choose from?

She might want to choose similarly minded people who will support her fight. Yet, a team should be balanced to fill all roles. Can you give more context to this question?

7 0
3 years ago
Other questions:
  • The principle benefit of tariff protection goes to a. foreign consumers of the good produced. b. domestic consumers of the good
    12·1 answer
  • Which one is not a current issue regarding export controls?
    6·1 answer
  • A beverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the offici
    10·1 answer
  • 1. Purposeful behavior suggests that: A. everyone will make identical choices. B. resource availability exceeds economic wants.
    7·1 answer
  • ABC Medical Technology, a fast-growing global research firm, has accumulated so much client information that conventional databa
    7·2 answers
  • Don’s Fashions is noticing a downward trend in sales. The company has been reaching out using social media to connect with custo
    12·1 answer
  • Which form of credit imposes a credit limit, is unsecured, is high in interest, and has a bank or financial institution as a len
    12·1 answer
  • Do y’all know any best clothing shop to buy?
    6·1 answer
  • A put option gives its owners the right, but not the obligation, to: buy a commodity at a specified price and future date, at wh
    8·1 answer
  • Discuss steeps involved in business planing process​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!