1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Over [174]
3 years ago
9

At age 17, in a state in which the age of majority is 18, Sally purchased a prom dress from Formal Stuff. She wore it to the pro

m and then attempted to return it to the store claiming that she was a minor and that she was entitled to a refund. The dress had clearly been worn and had a purple stain that Sally claimed was from grape juice. Additionally, a few days before she turned 18, Sally purchased a used car from Dings and Dents used cars. She had a deal whereby she paid $100 per month on the car. She drove the car and made payments for fourteen months after she turned 18. Then, she returned the car to Dings and Dents and told them that she wanted all her money back. Dings and Dents claimed the car was a necessity. Sally and her parents claimed that the parents were ready and willing to provide a car to Sally and that she only purchased the car from Dings and Dents because she liked that particular style and color. When purchases of the dress and car were made, the sellers knew that Sally was under the age of 18. In the dispute between Sally and the owner of Dings and Dents, which of the following is true regarding the defense of Sally and her parents that the car was a necessary?
1) The claim will have no effect because the law does not recognize the concept of necessaries when minors are involved.
2) Social status is always irrelevant in addressing a claim that an item was a necessary.
3) Whether or not parents would buy the item at issue is irrelevant in addressing a claim that an item was a necessary.
4) A minor may not disaffirm a contract for a necessary.
5) Even if a minor is allowed to disaffirm a contract for a necessary, the minor will still be held liable for the reasonable value of the necessary.
Business
1 answer:
d1i1m1o1n [39]3 years ago
6 0

Answer:

Answer is 5. Even if a minor is allowed to disaffirm a contract for a necessary, the minor will still be held liable for the reasonable value of the necessary.

Refer below.

Explanation:

In the dispute between Sally and the owner of Dings and Dents, the following is true regarding the defense of Sally and her parents that the car was a necessary:

Even if a minor is allowed to disaffirm a contract for a necessary, the minor will still be held liable for the reasonable value of the necessary.

You might be interested in
Consider the following pre-merger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms h
anastassius [24]

The share price for the merged firm is $48.09. Therefore, the correct option is C

<u>Explanation:</u>

(a)-Net Present Value (NPV)

Net Present Value (NPV) = Market Value of the Target Firm + synergistic benefit – Acquisition Value

= [3600 Shares multiply $19] plus $16700 minus [3600 Shares multiply $21]

= $68400 plus 16700 minus 75600

= $9500

“Net Present Value (NPV) = $9500  

(b) Share Price

Share price = [Market Value of the Bidding firm + NPV] / Number of shares of the Bidding firm

= [( 8700Shares multiply $47) plus $9500] / 8700 Shares

= [$408900 + 9500] / 8700 Shares

= $48.09 per share

“Share Price = $48.09 per share”

4 0
3 years ago
In perpetual inventory system with process costing, the cost of units sold is recorded by debiting cost of goods sold and credit
Mars2501 [29]

sdafsddsfasdfasdfdsfasfs

3 0
4 years ago
Read 2 more answers
Manuel is a manager for a manufacturing company in which managers are expected to fully document all decisions and in which it i
ikadub [295]

Answer: Low risk taking culture

Explanation:

Organisational culture includes the behaviour, beliefs, value and principles in which an organisation operates on. It's entails the way business are done, decisions are made etc.

Low risk taking is an organisation culture aimed at minimising risks. Recommendations and Decisions are based on facts and genuine data not on abstract and unreal thoughts with decisions fully documented.

7 0
3 years ago
A Low credit score can lead too
Sliva [168]
A jobless man..............
5 0
3 years ago
Stop and Jot: Why was the decision about further funding for the telescope not an "economic
shtirl [24]

Answer:

Because it has no direction

8 0
3 years ago
Other questions:
  • On January 1, a company borrowed $50,000 cash by signing a 7% installment note that is to be repaid in 5 annual end-of-year paym
    11·1 answer
  • Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it
    15·1 answer
  • You have just been hired to perform digital investigations and forensics analysis for a company. You find that no policies, proc
    15·1 answer
  • Productivity is generally more difficult to improve in the service sector than in the manufacturing sector. True False
    13·1 answer
  • _______ breaks down a problem into a series of high-level tasks and continues to break each task into successively more detailed
    8·1 answer
  • Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu
    13·1 answer
  • The income statement for Elite Manufacturing Company for the current year is as follows: ​ Sales (15,000 units) $180,000 Variabl
    12·1 answer
  • What are the basic things to have when starting a business
    9·1 answer
  • 5. If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year, what is its profit margin
    9·1 answer
  • The accountant for Fazzi Corp. was preparing a bank reconciliation as of April 30, 2017. The following items were identified: Fa
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!