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inysia [295]
2 years ago
11

While Sally is still a minor, she wrecks the car she purchased from Bally. Can she still disaffirm the contract? Must she return

Bally to?
Business
1 answer:
patriot [66]2 years ago
6 0

Answer:

If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.

In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.

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Oliga [24]

Answer:

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1. Revenue allocated to the equipment              $330

   for each bundled sales

   {$990 * $280 / $280 + $560}

2. Revenue allocated to the service                    $660

   for each bundled sales

    {$990 * $560 / $280 + $560}

3. Sales revenue to be reported in income         $660

   statement

   

    Service revenue to be reported in                    $55

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7 0
3 years ago
There are arguments for and against the alternative exchange rate regimes. a) List the advantages of the flexible exchange rate
atroni [7]

Answer:

a. The advantages of the flexible exchange rate system include: (I) provides insulation against unemployment problem in other countries and (ii) promotes economic development and helps to achieve full employment in the country, iii) automatically corrects the disequilibrium in the balance of payments.

b. If exchange rates are fluctuating randomly, that may discourage international trade and encourage market segmentation, they are very volatile

c. Economic agents can hedge exchange risk by means of forward contracts and other techniques. In addition, under a fixed exchange rate regime, governments often restrict international trade in order to maintain the exchange rate.

Explanation:

8 0
3 years ago
What is the cell membrane? ​
Natasha2012 [34]

Answer:

a cell membrane is a double layer of lipids and proteins that surrounds a cell

6 0
2 years ago
Transatlantic air travel in business class has an estimated elasticity of demand of 0.62, while transatlantic air travel in econ
marusya05 [52]

The reason that the elasticity of demand is 0.62 for business and 0.12 for economy is because the economy class is more elastic than that of the business.

When the flight ticket of those flying business class is raised, they would not be affected much because they are rich and can afford it. They do not care much about the raise in price.

For the average flyer using the economy flight, raising the price of the ticket would affect him and he may end up reducing his demand for it.

Read more on brainly.com/question/10423637?referrer=searchResults

5 0
3 years ago
The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
svp [43]

Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

<h3>When is a price considered competitive?</h3>
  • It means that the price is better than others in the market for a certain good or services.
  • It is lower than the average price offered by other sellers.

The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

Find out more on markets that allow competitive pricing at brainly.com/question/24877850.

7 0
1 year ago
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