Business, 27.04.2021 15:20 maxdmontero
When Sheila is 16 years old (a minor), she enters into a contract to purchase an automobile costing $20,000 from Brian, a competent adult. Brian, who believes that Sheila is an adult, does not ask for verification of her age, and delivers ownership of the automobile to Sheila after he receives her payment of $20,000. Subsequently, before Sheila reaches the age of 18 (the age of majority), she is involved in an automobile accident caused by her own negligence. The automobile sustains $7,000 worth of damage in the accident (the automobile is now only worth $13,000). If Sheila disaffirms the contract and returns the damaged vehicle to Brian, he has to pay her .
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 14:00, bosskid361
Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate
Answers: 1
Business, 22.06.2019 18:00, HistoryLee
1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%
Answers: 1
You know the right answer?
When Sheila is 16 years old (a minor), she enters into a contract to purchase an automobile costing...
Questions in other subjects:
English, 01.11.2019 06:31
Mathematics, 01.11.2019 06:31
Mathematics, 01.11.2019 06:31
History, 01.11.2019 06:31
