The equitable doctrine of ________ obligates a minor to only pay reasonable value for goods or services received
A) emancipation
B) restraint of contract
C) contract of adhesion
D) quasi-contract
D
You might also like to view...
Jiang, an accountant, is assigned by Wanley Inc. to perform an audit and prepare an annual report for its shareholders. Jiang fails to execute his duty with sincerity as he fails to discover embezzlement by a chief accountant of the firm, which is later discovered by the firm's creditors. In this scenario, Jiang's breach of duty might also trigger an action in breach of the contract between Jiang and Wanley Inc. because:
A. liability of the accountant is never civil or criminal in nature. B. the relationship between the accountant and the client is contractual in nature. C. a breach of duty always follows generally accepted accounting principles. D. the relationship does not have an express agreement.
Mack Jacoby sells building supplies. His annual sales equal $450,000. His total fixed costs annually equal $75,000. The cost of goods sold annually is $335,000. Mack works an average of 240 days a year and 8 hours each day. Mack makes an average of five sales calls per day. Mack's break-even volume per hour is approximately:
A. $153.00 B. $256.00 C. $392.00 D. $119.00 E. $171.00
Sean purchased a new car. One of the car's wheels came undone, and Sean crashed into a tree. Sean was not wearing his seatbelt when the car crashed. Sean filed a lawsuit against the car manufacturer
Which of the following statements is true in this scenario? A) Sean assumed the risk as he was not wearing a seatbelt. B) The car manufacturer is guilty of a strict liability tort. C) Assumption of the risk is not a valid defense against Sean, as he could not have known that the wheel would become detached. D) The car manufacturer can win the lawsuit by establishing the negligence per se doctrine.
GIF and PDF formats are:
A) impossible to change. B) used to change documents. C) not easily changed. D) none of the above.