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Finger [1]
4 years ago
6

A(n) _____ occurs when a former minor does not specifically state that he affirms a contract entered into as a minor, but takes

some action that is consistent with an intent to ratify the contract.
(A) Implied ratification
(B) Express ratification
(C) Express novation
(D) Implied novation
(E) Disaffirmance
Business
1 answer:
chubhunter [2.5K]4 years ago
3 0

Answer: An <u><em>implied ratification</em></u> occurs when a former minor does not specifically state that he affirms a contract entered into as a minor, but takes some action that is consistent with an intent to ratify the contract.

<em>Implied ratification arises when the main body behavior vindicate a reasonable postulate that he/she permission to the representatives act.</em>

<em>Thus in this particular case where the former minor does not state but is consistent with an intent to ratify the contract.</em>

<em><u>Therefore, the correct option is (a).</u></em>

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Answer:

a. 7.30%

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Explanation:

For computing the pretax cost of debt we have to applied the RATE formula i.e to be shown in the attachment below:

Given that,  

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= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula

a. The pretax cost of debt is

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b. And, the after tax cost of debt would be

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We are forced to make choices in our day to day life because our resources are limited.

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6 0
3 years ago
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A vending​ machine's coin box contains​ nickels, dimes, and quarters. The total number of coins in the box is 284. The number of
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Answer:

there are 59 nickels, 12 quarters, and 213 dimes

Explanation:

  • let n = nickels
  • let q = quarters
  • let d = dimes

first step:

d = 3 (n + q) = 3n + 3q

d + n + q = 284

0.10d + 0.05n + 0.25q = 27.25

second step:

3n + 3q + n + q = 284

0.10 (3n + 3q) + 0.5n + 0.25q = 27.25

third step:

4n + 4q = 284

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fourth step:

n + q = 71

0.35n + 0.55q = 27.25

fifth step:

replace q = 71 - n

0.35n + 0.55(71 - n) = 27.25

sixth step:

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seventh step:

11.8 = 0.2n

eighth step:

n = 59

q = 71 - 59 = 12

d = 284 - n - q = 284 - 59 - 12 = 213

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Answer:

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