Morgan entered into a long-term contract at age 17. In the state in which the contract was executed, the majority age was 18
She is now 19 and would like to disaffirm the contract on the grounds that she was a minor when she entered into the contract. Which of the following statements is true?
A) Morgan can disaffirm the contract because she lacked competency at the time she entered into the contract, thus rendering the contract voidable.
B) Morgan can disaffirm the contract because the contract is void.
C) Morgan cannot disaffirm the contract because there was ample consideration.
D) Morgan cannot disaffirm the contract because she ratified it by failing to disaffirm the contract in a timely fashion.
D
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Suppose that a book publisher sells a textbook for $150 each to its domestic distributor
The same publisher sells the same edition of the textbook to a distributor in Thailand for $85 since the affordable prices by Thai students may be much less than in the domestic market. The textbook finds its way back into the domestic market since the Thai distributor sold it back to another marketer who sells in the domestic market for $85. What is this type of pricing known as, and what are the consequences of such transactions to global marketers, if any?
______ of conflict are factors that set the scene for potential dispute.
What will be an ideal response?
Answer the following statements true (T) or false (F)
The behaviors that engage in do not impact the world, while the world shapes the behavioral choices that are made.
Groundworks Company budgeted the following credit sales during the current year: September, $90,000; October, $123,000; November, $105,000; December, $111,000. Experience has shown that cash from credit sales is received as follows: 10% in the month of sale, 50% in the first month after sale, 35% in the second month after sale, and 5% is uncollectible. How much cash should Groundworks Company expect to collect in November from its current and past credit sales?
What will be an ideal response?