A Curved Mirror That Cannot Produce a Real Image of an Object

question 22

Short Answer

A curved mirror that cannot produce a real image of an object is ______________________.

Identify the legal effects of ratification and how it impacts contracts entered into by minors.

Understand the protections and limitations associated with contracts involving necessaries.

Differentiate between void, voidable, and enforceable contracts based on mental capacity and intoxication.

Describe the process and effects of emancipation on a minor’s legal capacity.

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Definitions:

Liquidity

A firm’s cash and marketable securities position, refers to its ability to meet maturing obligations. A liquid asset is any asset that can be quickly sold and converted to cash at its “fair” value. Active markets provide liquidity.

Inventory Turnover Ratio

Sales divided by inventories.

Liquidity Position

A measure of a company or individual's ability to quickly convert assets into cash to meet financial obligations.

Efficiently

The ability to achieve a goal or perform a task with the least waste of time and effort; effectiveness and efficiency combined.