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icang [17]
3 years ago
11

Larry is a minor, age 16 years old.

Business
1 answer:
maxonik [38]3 years ago
4 0

Answer:

What is entirely true about this contract is:

The contract is a VALID contract but is also a VOIDABLE contract on the part of Larry but NOT on the part of Sprint.

Explanation:

As a minor, Larry (he was under the age of 18 when he signed the contract with Sprint) lacks the contractual capacity to enter into the contractual relationship with Sprint.  But since he has signed the contract in exchange for the purchase of the cell phone, Larry can either honor the deal or void the contract.  This is why the contract is said to be valid but voidable at Larry's behest.  However, after Larry has turned 18, if he has not done anything to void the contract, then the contract with Sprint can no longer be voided.

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On June 25, Gallatin Repair Service extended an offer of $123,000 for land that had been priced for sale at $141,000. On July 9,
Sedbober [7]

Answer: $134,000

Explanation:

The value that the land should be recorded in Easy Repair Service records will be $134,000 because it was the counter offer and the price paid by Easy Repair in the acquisition of the land, therefore this should be the value of the land.

The value for the acquisition of land include all expenses that were also involved when buying the land like the legal fees on the land etc but in this scenario, only the $134,000 was provided, hence, that's the answer.

7 0
3 years ago
Marginal cost ______(A) Is the change in total output from hiring one more factor of production.(B) Is the change in total cost
cupoosta [38]

Answer:

(B) Is the change in total cost from producing one additional unit of output

Explanation:

Marginal cost is the change in the total cost of production as a result of increasing the quantity produced by one unit.

Diminishing returns causes marginal cost to increase.

Marginal product of labor (MPL) is the change in output as a result of hiring one more unit of labour.

7 0
3 years ago
Helpppppppp, please get correct!!!!
Bingel [31]
There are 52 weeks in a year right.

So in three years there are 156 weeks.

Now we are gonna multiply the saving amount per week, $62.50 by the 156 weeks.

$62.50 x 156 = $9,750

This is the amount that you put in your saving in three years.
6 0
3 years ago
Hector was prosecuted following police seizure of 80 pounds of drugs from his airplane. The seizure was held to be unlawful, the
lesya692 [45]

Answer:

Hector will lose.

Explanation:

If someone suffers an illegal search or seizure, he/she can recover any costs associated with that incident, e.g. property damage, injuries (both physical or to their reputation, lawyers, etc.). But if the illegal search actually results in some criminal evidence being discovered, then you cannot recover any costs.  Anything seized illegally will be dismissed, but the reward is not going to jail even if they committed a crime, they get no money back.

Why only ask for a refund of his lawyer's fees, he should also ask for a refund for the value of the drugs? This lawsuit is absolutely ridiculous.

7 0
3 years ago
A bank has $500 in checking deposits. Interest and noninterest costs on these accounts are 6%. This bank has $250 in savings and
defon

Answer:

<em>13.29%</em>

<em>Explanation:</em>

Answer :- Amount in checking deposit= $500 million-15%= $425 million

Amount in saving and time deposit= $250 million-4%= $240 million

Amount in equity capital = $ 250 million

banks before tax cost of funds=

checking deposit = $425*6/100= $25.5 million

Saving and time deposit= $ 240*14/100= $ 33.6 million

equity capital=$250 *25/100= $ 62.5 million

Weighted average cost of funds (WACC)= $25.5+33.6+62.5/($425+240+250)

=$121.6/915= 0.1329 or 13.29%

5 0
3 years ago
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