subject
Business, 26.07.2020 14:01 maddiehope6893

Cathy, age 16, buys a 1973 Chevy Camaro from Mark, age 23, for $400. Cathy's indulgent parents, who give her everything she wants, loaned her the money for the car. The reason for Cathy's purchase is that all her friends have cars and she feels left out without one. One week after buying the car, however, Cathy changes her mind and tells Mark that she wants to disaffirm the contract. When Mark comes to pick up the car and give Cathy her money, Cathy changes her mind again, telling Mark, "I'll stick by the deal." However, when Cathy's parents gave her a new car for her 17th birthday, she finally decides to disaffirm once again. Which of the following is correct? A. Cathy can still disaffirm.
B. Cathy cannot disaffirm because she ratified the contract by saying "I'll stick by the deal."
C. Cathy cannot disaffirm because we have a sale of goods and Article 2 of the Uniform Commercial Code says that 16 is the age of contractual capacity.
D. Cathy cannot disaffirm because the car is a necessary.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 09:40
Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?
Answers: 2
question
Business, 22.06.2019 10:00
Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?
Answers: 1
question
Business, 22.06.2019 11:00
Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative
Answers: 2
question
Business, 22.06.2019 11:50
The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000
Answers: 3
You know the right answer?
Cathy, age 16, buys a 1973 Chevy Camaro from Mark, age 23, for $400. Cathy's indulgent parents, who...
Questions
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
History, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Geography, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Social Studies, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01
question
Mathematics, 13.09.2020 14:01