Which of the following is TRUE?
A) A contract with a mentally incompetent person is always enforceable.
B) A mentally incompetent person can only get out of a contract if the other party knew, or should have known, of the incompetency at the time of entering into the contract.
C) The law of capacity applies to drunkenness as well as mental incompetency.
D) A person who is using illegal drugs at the time they made a contract cannot use that as a reason to get out of a contract they have made
E) Both B and C
E
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The Appliance Division of Electrotech Corporation reported the following results for a recent year Sales $9,000,000 Expenses 7,500,000 Total assets (1/1) 6,000,000 Total assets (12/31) 6,200,000 Refer to the Appliance Division What was the profit margin for The Appliance Division?
a. 17% b. 24% c. 25% d. 69%
Which of the following schools of jurisprudence states that the source of law is the sovereign?
A) natural law school B) positivist school C) sociological school D) American realist school
Eastern Auto Parts' last dividend was Do = $0.50, and the company expects to experience no growth in the next 2 years
However eastern will grow at an annual rate of 5% in the third and fourth years, and, beginning with the fifth year, it should attain a 10% growth rate which it should sustain thereafter. Eastern has a cost of capital of 12%. What should be the present price per share of Eastern common stock? A) $19.26 B) $31.87 C) $30.30 D) $20.84 E) $19.95
The required deduction for Social Security is 6.2% OASDI (Old Age Survivors and Disability Insurance) of wages earned, to a maximum of $97,500 and 1.45% HI (Hospital Insurance, commonly known as "Medicare") for all earnings. Jamie Albertson earns a monthly salary of $8,500 . Compute the amount deducted for Social Security and Medicare from Albertson's December paycheck