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ki77a [65]
2 years ago
11

In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a tr

ial court in the same state is deciding Dora v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to​ ___________.
A:​ allow the minor to cancel the contract.B: disregard the Benny case.C: ​order the minor to cancel the contract.D: require the minor to fulfill the contract.
Business
2 answers:
Wewaii [24]2 years ago
6 0

CORRECT ANSWER:

A-allow the minor to cancel the contract

STEP-BY-STEP EXPLANATION:

THE  AMERICAN LAW REGISTER.

DECEMBER 1886.

THE PRINCIPLE OF STARE DECISIS

In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Dora v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to <em>allow the minor to cancel the contract</em>

eduard2 years ago
5 0

Answer:

A

Explanation:

Allow the minor to cancel the contract

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Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Beedles Inc. needed to raise $14 million in an IPO and chose Security Brokers Inc. to underwrite the offering. The agreement stated that Security Brokers would sell 3 million shares to the public and provide $14 million in net proceeds to Beedles. The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $220,000. What profit or loss would Security Brokers incur if the issue were sold to the public at the following average price

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The explanation of the answer is now given as follows:

The profit or loss can be calculated using the following formula:

Profit or loss = Sales proceed - Net proceeds to Beedles - Out-of-pocket expenses incurred by Security Brokers ........... (1)

Where;

Sales proceed = Average price * Number of shares = Average price per share * 3,000,000

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a. profit or loss at average price $5 per share

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b. profit or loss at average price $6 per share

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Profit or loss = ($6 * 3,000,000) - $14,000,000 - $220,000 = $3,780,000  profit

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2 years ago
If a homeowner wants to sell his property to an adult child for $1, may a sales agent be involved in that transaction?
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