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rusak2 [61]
3 years ago
14

Marty, a 16-year-old, contracted with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. He agreed to make monthly payments u

ntil the purchase price plus interest were paid in full. It is three years later and Marty has not disaffirmed the contract and has made regular payments on the cycle since turning 19. Which of the following is correct?
A) The contract is voidable by Marty.
B) The contract is void as soon as it is made.
C) The contract is voidable by Cream-of-the-Crop Cycles.
D) The contract is voidable by either Marty or Cream-of-the-Crop Cycles.
Business
1 answer:
stiv31 [10]3 years ago
6 0

Answer:

Marty has ratified the contract and is now bound by the terms.

Explanation:

In the given case as we can see that the Marty was minor and as per the act the eligibility to enter into a contract should be in the age of 18 years or above so here the contract should be voidable but after 3 years he would be 19 years and now he would ratified the contract and now bound with the contract terms

Hence, the above represent the answer

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D

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Balance the relationship between business and society.

Explanation:

Government regulates both society and business.

The government regulates businesses to ensure that the activities of businesses are in the best interest of the society. This is why they regulate monopolies, tax companies that create negative externalities and subsidise the activities of companies that provide positive externality.

Government also has to look out for businesses by ensuring that the amenities and facilities needed for smooth running of business activities are in place. This is why a government may regulate import activities through quotas or tariffs.

I hope my answer helps you.

5 0
3 years ago
Joseph Juran provided guidance regarding how to conduct quality planning, quality control, and quality improvement. Which of the
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b. work to identify root causes, not just symptoms.

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This provided for the quality controls, plans, improvements which could be made, but it did not work on finding the causes behind the lack that why it could not be achieved.

Accordingly it did not in manner focused on the finding the symptoms or root causes.

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7 0
3 years ago
Which of the following functions of marketing involves sorting products according to their size and quality, helping to reduce t
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b. The standardization and grading function

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7 0
3 years ago
Spielberg Inc. signed a $170,000 noninterest-bearing note due in five years from a production company eager to do business. Comp
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Answer:

$100,890

Explanation:

To determine the value of the debt we must calculate the present value of the note:

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3 years ago
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