Answer: Yes,it is legal and or ethical to allow Tommy to escape his contractual obligations.
Explanation:
A contract is an agreement made between two or more persons which the court of law can enforced. Under the law of contract, one of the essential elements of a valid contract is capacity, which states that a person must be of legal age before such a person can enter into a contract. For example a legal age is 18 years. In a law of contract any contract enter into with a minor is null and void according to the law. The exception to this rule is when a minor enter into a contract for the supply of necessity such as food and clothing. It is evidence that Tommy McCartney is 16 years old as at the time of entering into the contract for the purchase of the car from the store. In this case, by virtue of being a minor he does not have the backing of the law to enter into the contract for the purchase of the car from the store as at the time he does so.
Therefore, based on this legal point ,the contract is voidable.Tommy money must be returned to him because the contract between him and the store is null and void.It is therefore legal to allow Tommy to escape his contractual obligations
Answer:
The correct option is c. Alone.
Explanation:
Note: This question is not complete as it omitted the options. The complete question with the options is therefore provided before answering the question as follows:
In addition to a control condition, a functional analysis typically consists of what test conditions?
a. Contingent attention
b. Contingent escape
c. Alone
d. All of these
The explanation of the answer is now provided as follows:
Functional analysis is a type of psychological formulation that is used to figure out how human behavior works. Functional analysis is a method of assisting in comprehending the reason a person acts the way he does.
In functional analysis, there are four conditions: three test conditions (social positive (attention), social negative (escape), and alone, as well as a control condition (play).
Therefore, the correct option is c. Alone.
Answer:
The answer is risk free rate should be 5.4%
Explanation:
We apply the CAMP model to solve the risk free rate: E(r) = Risk free rate + Beta x ( Market return - Risk free rate).
Denote X as risk free rate; y is market risk premium ( that is market return minus risk free rate)
We have:
For portfolio A: x + 1 * y = 13.4%;
For portfolio B: x + 1.2 * y = 15%
Solving the two equation above, we have: y = 8%; x = 5.4%
So, the risk free rate should be 5.4%.
Answer:
Option C is correct
Explanation:
Because of the steep differential in the price would psychologically push the runners to run faster in order to earn the highest price.
Purchasing mangers or purchasing agents