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Irina18 [472]
3 years ago
13

At 17 years old, Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000. However, when Otto turned 20

, he wished to disaffirm this contract. Does the law permit this
Business
1 answer:
Aloiza [94]3 years ago
7 0
Read the fine print, if it says “after signing, this contract is final.” Then Otto is screwed, because he must pay the $50,000

Or, Otto could hire a lawyer to fight it in court

Hope this helped ♥︎
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What is the after-tax cost of debt for a firm if it pays at 21% of tax rate, and pays 15% on its debt
FinnZ [79.3K]

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= 11.85%

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3 years ago
On January 1, James Industries leased equipment to a customer for a four-year period, at which time possession of the leased ass
MA_775_DIABLO [31]

Answer:

-  $700,000

<u>- 82,270</u>

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- the present value of an ordinary annuity of $1: n=4, i=5%

Explanation:

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* present value of $1: n=4, i=5%

** present value of an ordinary annuity of $1: n=4, i=5%

7 0
3 years ago
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Studentka2010 [4]

Answer:

a commercial bank

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Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.

5 0
2 years ago
Read 2 more answers
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