Becca is a minor. As a minor, Becca

a. is not usually legally bound by a contract.
b. has the right to avoid liability under a valid contract.
c. has the capacity to enter into a valid contract.
d. all of the choices.


D

Business

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The ________ method of accounting for uncollectible receivables is recommended by GAAP

a. allowance b. bad debt c. cost d. direct write–off

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Jake takes a long time making decisions. This is a good thing for his company Heinrich & Barnard LLC. They rely on Jake to make sure that they are following their mission statement and are within their legal rights. He makes sure that he has all information to assess the potential level of uncertainty. Jake would be considered a

a. Low proactive personality b. High self-monitor c. Low risk-taker d. Type B orientation

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Indicate whether the statement is true or false

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