What is a minor's obligation on disaffirmance?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
A duty of restitution arises when a contract has been executed x a minor can disaffirm ...View the full answer
Answered By
Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
5.00+
120+ Reviews
150+ Question Solved
Related Book For
Business Law Today The Essentials Text and Summarized Cases
ISBN: 978-1305574793
11th edition
Authors: Roger LeRoy Miller
Question Posted:
Students also viewed these Business Law questions
-
1. What is a material breach of contract? When a material breach occurs, what are the nonbreaching partys options? 2. What is a minor breach of contract? When a minor breach occurs, is the...
-
A technology company sells a complex computer program. It promises customers that it will provide updates and virus protection for three years from date of sale. The company recognizes 80% of the...
-
Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column. a. Abandonment b. Age of majority c. Contractual capacity d....
-
Use the following data to calculate cost of merchandise sold under the FIFO method. September 1 Beginning Inventory 15 units at $20 each September 10 Purchase 20 units at $25 each September 20...
-
An array of electronic chips is mounted within a sealed rectangular enclosure, and cooling is implemented by attaching an aluminum heat sink (k = 180 W/m K). The base of the heat sink has dimensions...
-
At December 31, 2021, Nicholay Industries reports the following selected accounts from the unadjusted trial balance for its fi rst year of operations: Instructions a. Prepare the journal entry to...
-
What considerations are relevant in selecting a sampling technique in international marketing research?
-
Wooden boxes are commonly used for the packaging and transportation of mangoes. A convenience store in Morganville, New Jersey, regularly buys mangoes from a wholesale dealer. For every shipment, the...
-
How do theories of organizational change and resistance inform strategic initiatives aimed at fostering organizational agility and adaptation in turbulent environments ?
-
The following information from St. Paul Supply, Inc. is provided for 2017 and 2016: 12/31/17 12/31/16 12% Cumulative preferred stock, $20 par $200,000 $200,000 Common stock, $5 par 40,000 28,000...
-
Did Shivley's misrepresentations rise to the level of fraud? Explain.
-
What is a collateral promise?
-
In Banduras Bobo doll study, when the children who watched the aggressive model were placed in a room with the doll and other toys, they ________. a. Ignored the doll b. Played nicely with the doll...
-
Calculate the Fully Diluted Shares Outstanding for the Company X below. (S in millions, except per share data; shares in millions) Assumptions Basic Shares Outstanding 50 Current Share Price $30...
-
In an oganisation such as any fast food outlet or in restaurant industry : What environmental and resource efficiency issues is the organisation subject to? What resources does the organisation use?...
-
Statistical Process Control (SPC) Charts? display a measurement of every unit that has been produced. are exclusively used for data following a binary distribution. indicate to the process operator...
-
The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. IVANHOE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,613 Supplies 2,600 Prepaid...
-
Identify the vertex, axis of symmetry, and x-intercept(s). (If an answer does not exist, enter DNE.) (x, f(x)) vertex axis of symmetry x-intercept: smaller x-value larger x-value (x, f(x)) = (x,...
-
The Howell Corporation has the following account balances (in millions}:. Required Prepare a statement of comprehensive income and a supporting schedule of cost of goods manufactured for the year...
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
Did Amstels bid meet the requirements of an offer? Explain. Shane Durbin wanted to have a recording studio custom-built in his home. He sent invitations to a number of local contractors to submit...
-
Was there an acceptance of the offer? Why or why not? Shane Durbin wanted to have a recording studio custom-built in his home. He sent invitations to a number of local contractors to submit bids on...
-
Suppose that the court determines that the parties did not reach an agreement. Further suppose that Amstel, in anticipation of building Durbins studio, had purchased materials and refused other jobs...
-
Explain how the OS and Utility programs work with application software. Summarize the features of several embedded operating systems course: introduction to information technology code: EBI...
-
Please explain and describe what are input and output devices. Explain what the differences are between an operating system, an embedded operating system, and a network operating system. Explain and...
-
Determine the complexity of the following pseudocode snippets in Big-O and Big-Q2. Do these code snippets have a Big-e? What are the functions doing? 1) my_func(some_nums) result = 0 for (num in...
Study smarter with the SolutionInn App