A contract between an adult and a minor is
a. voidable only by the minor.
b. voidable only by the adult.
c. unenforceable.
d. void.
A
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As a company's initial international business involvement becomes too much for a single manager or export department to handle, the next step is typically to establish a(n):
A) matrix structure. B) international division structure. C) geographic structure. D) worldwide product division structure. E) regional management center.
Solvency is the company's ability to pay its current debts when they become due
a. True b. False Indicate whether the statement is true or false
A new roof costs $10,000. Assume that the value of the roof depreciates 5% per year. If your roof is destroyed by fire after five years, then
A) actual cash value is $7,500 and replacement cost is $10,000. B) actual cash value and replacement cost are $7,500. C) actual cash value and replacement cost are $10,000. D) actual cash value is $7,500 and replacement cost is $2,500.
An injunction is a court order to
A) perform a contract B) stop doing something C) pay a debt that is overdue D) show up in court on a specific date E) hand over key documents to the other party in a legal action