Peter, a minor, purchased a car from ACME Motors. Using a fake ID, he misrepresented his age to be 18 . The contract is fully executed. Which of the following is correct?
a. Peter cannot disaffirm the contract because a car is a necessary.
b. Peter cannot disaffirm the contract because of his misrepresentation.
c. Peter can disaffirm the contract, because a minor must be saved from his own poor judgment, including his lie.
d. Either b or c may be applicable depending on the law of the jurisdiction in which the contract was formed.
d
You might also like to view...
Out of the four biases that can hinder success in online negotiations, one is the ________ attribution bias, which occurs when negotiators mistakenly assume that another's behavior is caused by personality flaws, while overlooking the role of situational factors.
Fill in the blank(s) with the appropriate word(s).
During August, Boxer Company sells $356,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 5% of the selling price. The warranty liability account has a credit balance of $12,800 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,400 in parts for repairs. The entry to record the estimated warranty expense for the month is:
A. Debit Estimated Warranty Liability $17,800; credit Warranty Expense $17,800. B. Debit Estimated Warranty Liability $9,400; credit Warranty Expense $9,400. C. Debit Warranty Expense $14,400; credit Estimated Warranty Liability $14,400. D. Debit Warranty Expense $17,800; credit Estimated Warranty Liability $17,800. E. Debit Warranty Expense $5,000; credit Estimated Warranty Liability $5,000.
Some degree of variability is present in almost all processes
Indicate whether the statement is true or false
The degree to which a project team member can be depended on to ensure the success of the project with a sound and consistent effort best defines
A) reliability. B) flexibility. C) accountability. D) responsibility.