Solana, a minor, enters into a contract to buy a dozen movies from eHD TV Stream, Inc., an Internet video service. Solana reaches the age of majority and does not disaffirm the contract nor make payment on it. eHD files a suit against her. The court will most likely consider the contract ratified if it is
A. executed.
B. executory.
C. express.
D. emancipated.
Answer: A
You might also like to view...
There is often tension between objectives of increasing market share and increasing profits because:
A) some of the activities required to increase share lower profit margins and increase costs. B) market share and profits cannot be increased simultaneously. C) market penetration strategy, an effective strategy to increase share, usually results in negative earnings. D) market share is a prerequisite to increase in profits.
Greun Company has 11 days' sales in work in process inventory based on the current year's cost of goods sold of $11,680. What is Greun's work in process inventory?
A. $422 B. $465 C. $350 D. $352 E. $310
The consolidation method is used to account for long-term investments in equity securities with controlling influence.
Answer the following statement true (T) or false (F)
Robert offers to buy a car from Jane for $400 . Jane must accept this offer in order to form an enforceable contract
a. True b. False Indicate whether the statement is true or false