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adoni [48]
2 years ago
4

Helen, age 17, wanted to buy a Harley-Davidson "Sportster" motorcycle. She did not have the funds to pay cash but persuaded the

dealer to sell the cycle to her on credit. The dealer did so partly because Helen said that she was 22 and showed the dealer an identification card that falsely stated her age as 22. Helen drove the motorcycle away. A few days later, she damaged it and then returned it to the dealer and stated that she disaffirmed the contract because she was a minor. The dealer said that she could not because (1) she had misrepresented her age and (2) the motorcycle was damaged. Can she avoid the contract?
Business
2 answers:
maksim [4K]2 years ago
6 0

Answer:

Yes she can.

Explanation:

Common law says that a minor can walk away from a contract based on that they are a minor. It says that a minor does not have the capacity to get into a contract and so can get out of it even though she has damaged the motorcycle and lied about her age. That is called disaffirming or voiding the contract. Even though the minor misrepresented her age, the dealer should have taken all due care according to common law.

Some states however, say that she has to pay for the damage because she lied about her age and would otherwise not have been able to get into the contract had she not but can get she would be able to get out of the contract.

In other states she would not be able to avoid the contract because of the misrepresentation of her age.

leonid [27]2 years ago
4 0

Answer:No,she cannot repudiate the contract under the circumstances

Explanation: Helen will only succeed in disaffirming the contract of bicycle purchase if she can prove beyond reasonable doubts that the dealer is aware of her minor status and she must be able to also show that the damage to the bicycle was there as at the time if purchase and wasn't caused by her.

If she press further she might be tried for perjury for forging an ID card bearing a false age which may lead to forfeiture if the bicycle and stiffer fines . Helen should repair and keep the bicycle and move on.

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2 years ago
Suppose the college administrators estimate that the beautification initiative will cost $7,200. To decide whether the initiativ
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Answer: $5,400

Explanation:

The 300 students on average agreed that they would be willing to pay $18 fo the beautification project.

The total monetary value of the benefit of the beautification initiative, as suggested by the survey is the amount that would be accrued if every student paid for the project at their Average Willingness to pay.

This would be,

= 300 * 18

= $5,400

The Total Benefit as suggested by the Survey is $5,400.

NB - The Total Benefit as suggested by the Survey is LESS than the cost of the Survey so the project SHOULD NOT be embarked on.

4 0
2 years ago
Nofly corporation sells three different models of a mosquito "zapper." model a12 sells for $50 and has variable costs of $35. mo
Vsevolod [243]

The first step you need to do to solve this problem is to calculate the contribution margin per unit for each model:

Model                                                                                   a12                         b22                         c124

Sales Price per unit                                                          50                           100                         400

Less: Variable Cost per unit                                         35                           70                           300

Contribution Margin per unit                                      15                           30                           100

The next step is to calculate the weighted-average contribution margin per unit for the sales mix using the following formula:

Model a12 CM per Unit × Model a12 Sales Mix Percentage<span>
+ Model b22 CM per Unit × Model b22 Sales Mix Percentage
+ Model c124 CM per Unit × Model c124 Sales Mix Percentage
<span>= Weighted Average Unit Contribution Margin (WACM)</span></span>

Contribution Margin per unit                                      15                           30                           100

X Sales Mix Percentage                                                 60%                        15%                        25%

WACM                                                                                  9                              4.5                          25

Weighted Average Unit Contribution Margin (sum)                         38.5

The next step is to find the break-even point using the WACM.

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The next step is to calculate the number of units of each model at break-even point

<span> <span><span> <span> Model </span> <span> a12 </span> <span> b22 </span> <span> c124 </span> </span> <span> <span> Sales Mix Ratio </span> <span> 60% </span> <span> 15% </span> <span> 25% </span> </span> <span> <span> × Total Break-even Units </span> <span> 7,000 </span> <span> 7,000 </span> <span> 7,000 </span> </span> <span> <span> Product Units at Break-even Point </span> <span> 4,200 </span> <span> 1,050 </span> <span> 1,750 </span> </span> </span></span>

<span> </span>

7 0
2 years ago
Which of the following is a true statement? Question 9 options: when making decisions about saving and borrowing, people care ab
slamgirl [31]

Answer:

A falling interest rate will lead to a movement along the demand curve for loanable funds

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A movement along the demand curve for a good or service is caused by a change in the price of the good or service.

Because the interest rate is the price of the loanable funds, a falling interest rate will cause a movement along the demand curve for loanable funds. More specifically, a falling interest rate, in other words, a lower price, will increase the demand for the loanable funds, so the movement will be upwards.

6 0
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Alex Ar [27]

Answer:

$2475000

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As it is given that total sales of June is $2,970,000

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So based on the above information, the cost of goods sold is

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Therefore, all the other information which is given is not relevant. Hence, ignored it

8 0
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