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ale4655 [162]
3 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]3 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]3 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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A company using the perpetual inventory system purchased inventory worth $ 22 comma 000 on account with terms of 2​/10, ​n/30. D
EastWind [94]

Answer:

Discount = $420

Explanation:

Inventory purchased = $22000

Defective inventory = $ 1000

to find out

amount of the purchase discount that would be available to the company is​

solution

we know Inventory purchased = $22000

and return is $1000

so Net Purchases = $22000  - $1000

Net Purchases = $21000

so

discount claim for $21000  is 2%

Discount = 2% of $21000

Discount = $420

4 0
3 years ago
What is the percentage return on a stock that was purchased for $48.40, paid a $1.67 dividend, and was then sold after one year
Marysya12 [62]

Answer:

-1.10%

Explanation:

Calculation for percentage return on a stock

Stock percentage return=$46.20 + 1.67 - 48.40)/$48.40

Stock percentage return= = -.0110*100

Stock percentage return=-1.10%

Therefore the percentage return on a stock is -1.10%

7 0
3 years ago
Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fi
adell [148]

Answer:

Please consider the following explanation

Explanation:

a.   EOQ = 560 units

b.  58800 units/560 units = 105 orders

c. EOQ/2 = 560/2 = 280 units (average inventory)

d.  105 orders × $4 ordering cost = $ 420

280 units × $1.50 carrying cost per unit =  420

Total costs = $840

8 0
3 years ago
Your market value is determined by what you bring to the job.<br><br> True<br> False
mafiozo [28]
False because it’s false
7 0
3 years ago
Read 2 more answers
Hutton Industries wants to hire an intermediary to help with the distribution of its products. Management needs an intermediary
Dmitrij [34]

Answer: (B) Manufacturer agent

Explanation:

A manufacturer agent is refers to the independent sales agent in an organization.

The responsibility of a manufacturer agent is that it is an intermediary an organization as it helps in the product distribution process.

It mainly control all the promotional and the proving decision of the products in an organization and also represent organization as the seller. According to the given question, the company should hire the manufacturer agent.  

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3 0
3 years ago
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