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irga5000 [103]
3 years ago
12

Ronald suffers from dementia that impacts his brain function, but he also has healthy periods of time when his mind is fully fun

ctioning. During one of these healthy periods, Ronald enters into a contract, which he later seeks to avoid. In a majority of states, the contract will not be enforced because of Ronald's dementia.1. True2. False
Business
1 answer:
vova2212 [387]3 years ago
6 0

Answer:

2. False

Explanation:

Capacity to a contract refers to whether the person to a contract is legally competent to enter into such a contract.

For instance, lunatics, drunkards, minors, criminals and person of unsound mind are deemed incapable of entering into a contract.

A person diagnosed with dementia, which impairs his decision making would normally be regarded as incapable to signing a contract.

But, capacity is ascertained as per the situation i.e at the time the contract is signed or entered into.

In the given case, Ronald entered a contract while he was sane and in healthy state of mind. His judgement at the time of entering such a contract wasn't impaired by dementia.

Thus, the contract will be legally enforceable as per the law.

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3 years ago
Question 1 (1 point)
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3 0
3 years ago
Allison and Leslie, who are twins, just received $50,000 each for their 21th birthdays. They both have aspirations to become mil
gizmo_the_mogwai [7]

Answer:

(a) 208.92years

(b) 188.67years

(c) $6000 ($650 larger than her initial annual contribution)

(d) It is irrational for Allison to invest in the bond fund

Explanation:

Allison and Leslie start annual contribution of $5,000 beginning a year from today (22nd birthday)

(a) Allison starts her investment at 22 in Safety First Bond Fund with returns of 7% per year

Annual total investment = 5000 + (5000 × 0.07) = 5000 + 350 = $5,350

Allison's age when she becomes a millionaire = 22 + (1,000,000/5,350) = (117,700 + 1,000,000)/5,350 = 1,117,700/5,350 = 208.92years

(b) Leslie starts her investment at 22 in New Issue Bio-Tech Fund with returns of 20% per year

Annual total investment = 5000 + (5000 × 0.2) = 5000 + 1000 = $6,000

Leslie's age when she becomes a millionaire = 22 + (1,000,000/6,000) = (132,000 + 1,000,000)/6,000 = 1,132,000/6,000 = 188.67years

(c) Allison's age when she becomes a millionaire is 208.92years

Her annual contributions to become a millionaire at the same age as Leslie = 1,000,000/(188.67 - 22) = 1,000,000/166.67 = $6,000

(d) It is irrational for Allison to invest in the bond fund rather than in stock because it will take longer time to achieve her aspiration to become a millionaire

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3 years ago
An informal organizational network through which unofficial information flows
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4 years ago
Why is it valuable for entrepreneurs to understand political and regulatory factors? select all that apply.
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Understanding political and regulatory considerations is important for entrepreneurs because we want to know how the laws affect the firms that we are in or that we may start.

<h3>Why is it important for business owners to comprehend political and regulatory factors?</h3>

We are interested in learning how the laws affect the businesses that we are in or may start. We also want to consider the government as a consumer and potential growth areas. We also wish to raise awareness of these factors and changes in politics and regulation.

<h3>Does politics have a role in fostering entrepreneurship?</h3>

In a certain geographic area, entrepreneurial development is greatly influenced by political issues. This is due to the fact that politicians determine the kind of market that is present. The market may be capitalistic, communist, or a mixed economy in various nations.

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The foundation of a country's commercial climate is its political environment. Businesses would be positively influenced by stable and improved government policies, and vice versa. Changes in policy are frequently brought about by changes in government.

Learn more about political and regulatory factors: brainly.com/question/28900810

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