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ale4655 [162]
2 years ago
10

Eddie, a 16 year old minor, buys a car from Ace Auto and then damages the car in an accident. To disaffirm the contract and sati

sfy his duty of restitution, Eddie mustA. do nothing.B. only return the car.C. only pay for the damage.D. return the car and pay for the damage.
Business
2 answers:
faltersainse [42]2 years ago
5 0

Answer: D- Pay for the car damage and return the car

Explanation:

To disaffirm a contract means to deny the responsibility of the contract. This is usually used in contract law for minors and is the first right given to minors to utilise their power to deny the responsibility bound by a contract.  A minor in a contract law is someone below the age of 18. The contract would remain valid unless a minor disaffirms at a given matured age, makes restitution and must be within a reasonable time then possible consideration could be given. Unless a minor is emancipated (relieved of been considered a minor legally because you display independency of a legal guardian), they have contractual rights.

In Eddy's case, he's still a minor and can only disaffirm at age of maturity which he turns in two years time. Hence Eddy is still legally bound by the contract and would pay for the damage of his car (meaning he can't return the car without paying to avoid the contractual responsibilities)

And even if he chooses to disaffirm at 18, it wouldn't be granted because the damage wasn't within the time he turned 18. He would still pay for the damage

Ket [755]2 years ago
3 0

Answer: Return the car and pay for the damage(D)

Explanation:

To disaffirm a contract means to avoid the obligations in a contract. A contract can be disaffirmed by a minor when he shows an intent that he or she isn't bound by it. Contracts can be disaffirmed by minors before they reach eighteen years. When a minor disaffirms a contract, all properties transferred to the minor can be gotten back.

In the scenario explained in the question, even though Eddie had damaged the car, he can disaffirm the contract and satisfy his duty if restitution by returning the car and paying for damage.

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Marta_Voda [28]

Answer: Role

Explanation:

Role is basically refers to the collection of the databases that can easily access the privileges which are assigned to the specific users so that they can able to accessing the resources from the database system management.

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Therefore, Role is the correct answer.

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3 years ago
Directions and Analysis Task 1: Defining Entrepreneurship Before deciding on a business. you determine that you need to know mor
andrew11 [14]

As with most things, market research has certain trends that come and go over time. Identify at least two market research trends, past or present, and explain the limitations of these trends.Question

Directions and Analysis Task 1: Defining Entrepreneurship Before deciding on a business. you determine that you need to know more about entrepreneurship Describe entrepreneurship. How is it different than working for someone else? How does entrepreneurship affect you? How does it affect the economy? Type your response here: Task 2: Latest Trends in Entrepreneurship Conduct online research to find out some of the latest trends in entrepreneurship. Describe five such trends in brief.​

8 0
2 years ago
Complete problem: Total Net Operating Capital XYZ, Inc. reported $20 million in operating current assets, $25 million in net fix
Hitman42 [59]

Answer:

$14 million

Explanation:

Operating working capital  = Operating current assets - Operating current liabilities

Operating working capital = $20 million - $6 million

Operating working capital = $14 million

The total net operating capital that XYZ, Inc. has is $14 million

7 0
3 years ago
Wages of 8,000 are earned by workers but not paid as of december 31
arsen [322]

Answer:

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8 0
2 years ago
In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1,700 per month, start
Ksju [112]

Answer:

$268,696.93

Explanation:

Where an equal amount of money is saved periodically to earn interest at a particular rate of interest to accumulate a target amount in the future , it is called a sinking fund. The purpose could be for retirement, loan repayment or asset acquisition

The sum accumulated (deposit plus interest earned) at the end of the final period is known as the Future Value (FV) of the sinking fund.

The FV is determined as follows:

FV = A × ((1+r/m)^(n× m) - 1)/(r/m))

where FV- future value, A- annual cash flow, r-rate of return, n- number of years, m- number of compounding periods in a year.

<em>so we can apply  this to our question</em>

a = 1700, r - 8%= 0.08, m=4, n- 18

FV = 1,700 ×( (1+0.08/4)^(18 × 4) - 1)/(0.08/4))

     = 1700  × 158.0570

     =$268,696.93

The account will have $268,696.93 at he end of he 18 years

5 0
2 years ago
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