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3 years ago

A minor can disaffirm a contract if:

Business

1 answer:

SashulF [63]3 years ago

4 0

Answer:

a. he or she has not ratified the contract on reaching majority.

Explanation:

Generally a minor is allowed to dissaffirm a contract they entered when they were underaged. Also when they attain the age of majority they will need to ratify the contract for it to be binding.

In the case where the contract has not been ratified on reaching majority, it can still be dissaffirmed.

Contracts with minors are void, and only some state laws allow for ratification of the contract on attainment of majority age.

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Data collected by a company to solve a specific research problem is called _____________.

elena55 [62]

Answer:

Primary data

Explanation:

Primary data is information collected by a researcher from the field for the first time. The tools used to collect primary data are designed to address a particular problem. Consequently, the gathered information will be relevant to solving the problem at hand. Primary data is first-hand information and is collected using questionnaires, surveys, and interviews.

Secondary data is information that had been collected previously for other purposes but was found useful in another study.

8 0

3 years ago

Kurnick Co. expects that the pound will depreciate from $1.70 to $1.68 in one year. It has no money to invest, but it could borr

Alik [6]

Answer:

Expected Profit of $21,000.

Explanation:

Kurnick Co. Initial amount borrowed = 1,000,000 pounds

Kurnick Co. converts the amount to dollars = 1,000,000 * 1.70 = $1,700,000.

Invests in 5% risk-free deposit.

Total dollar amount at the end of 1 year = $1,700,000 x 1.05 = $1,785,000.

Total amount owed on the pounds borrowed = 1,000,000*1.05 = 1,050,000 pounds.

Expected amount of dollars needed to repay the loan = 1,050,000 x 1.68 = $1,764,000.

Profit = $1,785,000 - $1,764,000 = $21,000.

7 0

4 years ago

The Solow model predicts that, over time, real GDP in developing economies could potentially converge to the same level of real

LekaFEV [45]

Answer: c. Over time, developing economies become richer, and developed economies become poorer, until they reach the same level of wealth.

Explanation:

The Solow model which is a neoclassical framework focuses on long term Economics and does indeed speak to the convergence of the Real GDPs of Developed Countries with that of Developing countries.

However, of all the options listed, Option C goes against the model because convergence cannot happen if the Developed Countries keep getting richer while Developing countries keep getting poorer. Should that happen, they will never get to the same level of wealth and indeed might end up on opposite sides of the wealth spectrum with Developed Countries being extremely wealthy and Developing countries being extremely poor.

For convergence to happen, the conditions in A, B and D are preferable as they can indeed bring about the said convergence.

7 0

4 years ago

If you collect personal information about your customers, what should you do? a. tell customers how you will use and protect the

Contact [7]

Information regarding Contacts Being aware of the best ways to get in touch with your customers is essential for establishing productive business relationships.Make sure to get their mailing addresses, cell phone numbers, email addresses, and home phone numbers.

Why is it crucial to safeguard customer information?

Protecting your business means safeguarding the personal information of your customers.You can safeguard your brand and market value, your reputation, and yourself from costly lawsuits by protecting customer privacy.

We ought to gather information from new customers when?

Collecting fundamental data would be even simpler for a B2C business.Make sure you get their name, gender, age, occupation, location, email address, phone number, and household income. Also get their location.This ought to be sufficient for creating a fundamental customer profile and communicating with them as needed.

Learn more about Information here:

brainly.com/question/13629038

#SPJ4

3 0

1 year ago

Country A and country B are the same except country A currently has more capital. Assuming diminishing returns, if both countrie

mrs_skeptik [129]

Answer:

The correct answer is option c.

Explanation:

Country A and country B are the same. But country A has more capital than country B. Both the countries increase their capital by 100 units while other factors are constant.

This increase in capital will cause the output of country B to increase more than output in country A. This happens because of the law of diminishing marginal returns.

Law of diminishing marginal returns states that as the number of inputs employed the return from each input goes on declining. As country A possesses more capital, the return from the capital will be fewer. So the increase in output will also be relatively less.

8 0

3 years ago