Gina, a minor, enters into a contract to buy a tractor from Herb, an adult. If the deal is set aside, restoring Gina and Herb to their original positions prior to a contract is?
A)?ratification
B)?emancipation.
C)?disaffirmance.
D)?restitution.
D
You might also like to view...
Budgets are normally used only by profit-making businesses
Indicate whether the statement is true or false
Market power is the ability of a firm to enter a given market
Indicate whether the statement is true or false
Climax Motors Corp is an all equity company with 40M shares outstanding. Climax's stock trades for $25. Climax has too much cash. The CEO, Trudy Ryder, wants to distribute the excess cash with an open market stock repurchase
She is contemplating buying back $10.9M worth of shares at a price of $25. Ricky Bobby owns 4 million shares of Climax. He purchased his shares before the repurchase for $25. If Ricky does not sell any shares during the repurchase, then what is his change in wealth from before to after the repurchase? A) -$2.50 million B) $0 C) $2.00 million D) $2.50 million E) $5.00 million
Rights represented by a stock certificate or a promissory note are examples of intangible property
Indicate whether the statement is true or false