Answer:
2. False
Explanation:
Capacity to a contract refers to whether the person to a contract is legally competent to enter into such a contract.
For instance, lunatics, drunkards, minors, criminals and person of unsound mind are deemed incapable of entering into a contract.
A person diagnosed with dementia, which impairs his decision making would normally be regarded as incapable to signing a contract.
But, capacity is ascertained as per the situation i.e at the time the contract is signed or entered into.
In the given case, Ronald entered a contract while he was sane and in healthy state of mind. His judgement at the time of entering such a contract wasn't impaired by dementia.
Thus, the contract will be legally enforceable as per the law.
Answer: Your answer would most likely be C. Physical attributes.
Explanation:
Increases in health care costs on the health of individuals in society.
Answer:
TRUE
Explanation:
TRUE, in the question, the government is going to auction off permits equal to one third of total emissions in the economy (so two-thirds of all emissions must be abated)
however, the firm will buy 100 permits even though thir marginal cost is below $ 15. because here the firm will get a monopoly in holding the permits of one third of total emissions in the economy. this is such a huge benefit for the firm and by acquiring this permits the firm can transfer the permission permits to other firm with high price or they can distribute the permits of emission among the different firms below the size of the emission permits holding firm. thus, even though marginal abatement cost of$8 has a special opportunity to buy 100 permits at a price of $15 per permits, the firm will resort to buy the permits. the power in handling the emission permits and the monopoly getting the firm in holding the permits allow the firm to act as a leader in the economy compared to other firm who don't have the emission permits. thus, the money gain and the authority gaining in emission permit hold the firm to buy the permits even though their marginal cost is below $15
Answer:
$368
Explanation:
Bad debts also known as uncollectible expenses are the portion of the accounts receivable in accrual accounting that have to be written off as they are eventually not paid by the accounts receivable.
One of the ways of estimating bad debt is allowance method , which is expressing a bad expenses as a percentage of credit sales based on experience and past records.
Days past due balance % uncollectible
Current 11,000 1% 110
30-60 days 2,400 3% 72
61-90 days 1,700 6% 102
Over 90 days 840 10% 84
Total 368
Bad debt expenses to be recognized is $368
