business law The sale was illegal, however, because Mason did not have a license to make the purchase, which the seller knew because it had been informed by the Attorney General of that state. Mason did not pay for the fireworks, and Hi-Fireworks Inc. sue him. He defended on the ground that the contract could not be enforced because it was illegal. Was he correct?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.