A settlement made with the aid of using a minor is frequently voidable, however a minor can most effective keep away from a settlement all through his or her minority popularity and for an inexpensive time after he reaches the age of majority. After an inexpensive length of time, the settlement is deemed to be ratified and cannot be avoided.
- Facts of the case: Sean, 17, a snowboarder, signs a long-term endorsement agreement for sportswear. At age 19, he wants to void the agreement by claiming that he lacked capacity when he signed the deal at 17.
- Rule of Law: Minor's Contracts are voidable at the option of Minor.
- Analysis: Since, Minor's Contract is voidable at the option of the Minor who Signs the Contact can either honor the contract or void the contract. A minor can void a contract for lack of capacity, only when he is still under the age of majority. If a minor turn 18 i.e., After attaining Majority and hasn't done anything to void the contract, then the contract can no longer be voided.
- Here, Sean has not done anything to void the contract on attaining the age of 18. So, he at the age of 19, cannot void the agreement by claiming that he lacked capacity when he signed the agreement at 17.
- Decision: Sean Vs. Sportswear Company: In the light of the above provisions, a Court will not permit Sean to now void the agreement.
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Answer:
The correct answer is C
Explanation:
Finished goods are those goods which have been finished or completed through the process of the manufacturing or purchased or bought in the completed form, but not sold yet to the customers.
The finished goods cost or expense is considered to be a asset which is short term in nature, which is expected to be sold in less than a year or period.
So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.
Answer:
Summary entry is shown below
Explanation:
The preparation of the summary entry is shown below
Salary expense $15.1 million
To Cash $9.4 million
To Salary payable $5.7 million
(Being the salary expense is recorded)
Simply we debited the salary expense by $15.1 million as the expenses account is debited while on the other hand, the cash is paid for $9.4 million and the salary payable is credited for $5.7 million
Answer:
Sara and Juan (Uncooperative Teammates)
The action that is least likely to improve their cooperation is:
4) Reassign their tasks so that they are working on very different aspects of the team’s project.
Explanation:
Option 4 makes it impossible for Sara and Juan to come together or work on an aspect of the team's project. It is the most unlikely way of improving cooperation between the two. If they continue being unwilling to work together, the team's productivity and morale will deteriorate. Resentment will grow as costs are overrun, causing loss of business and weakened workplace culture. Overall, the team will not be able to achieve its goals because the poor relationship will gradually permeate the team's spirit.
The spreadsheet data assisted by way of: helping with information Exports. Spreadsheets may be used to comprise records that has been exported from other structures.
A spreadsheet is a pc application for computation, company, evaluation and storage of information in tabular shape. Spreadsheets had been developed as automatic analogs of paper accounting worksheets. the program operates on facts entered in cells of a desk.
Spreadsheet, pc program that represents statistics in a two-dimensional grid of facts, at the side of formulation that relate the statistics. historically, a spreadsheet is an accounting ledger page that suggests numerous quantitative facts useful for coping with a business.Excel information types are the four exceptional styles of values in Microsoft Excel. The four styles of statistics are text, quantity, logical and blunders. you can perform extraordinary features with each type, so it is important to know which ones to apply and when to use them.
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