Which of the Following Are Examples of People Who Do

question 119

Multiple Choice

Which of the following are examples of people who do not have the capacity to enter into legally binding contracts?

• A)Those over the age of majority and those suffering from a mental illness.
• B)People suffering from physical illness and intoxicated persons.
• C)Intoxicated persons and those over the age of majority.
• D)Those under the age of 21 and those over the age of 70.
• E)People under the age of majority,people suffering from mental illness,and intoxicated persons.

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Definitions:

Net Sales

Income generated from sales once returns, allowances for damaged or missing items, and discounts have been subtracted.

Accounts Receivable

Represents the money owed to a business by its customers for goods or services delivered but not yet paid for.

Accounts Receivable

Accounts Receivable represents the money owed to a company by its customers for goods or services delivered but not yet paid for.

Sales Revenue

The income that a company receives from its normal business activities, usually from the sale of goods and services to customers.