At Age Seventeen,Daryl Enters into a Contract to Buy a Dozen

question 40

Multiple Choice

At age seventeen,Daryl enters into a contract to buy a dozen movies from eHD Stream,Inc.,an online video service.Soon after reaching the age of majority,Daryl attempts to disaffirm the contract.eHD files a suit against him.The court will most likely consider the contract ratified if it is

• A)executed.
• B)exculpatory.
• C)express or implied.
• D)emancipated.

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Definitions:

Business Failures

Situations where companies cease operations due to their inability to make a profit or manage financial obligations.

Poor Management

Refers to ineffective or inefficient leadership and organizational practices that can result in a lack of direction, low employee morale, and ultimately, failure to achieve objectives.

Financial Capital

Economic resources measured in terms of money used by businesses and individuals to fund their operations and investments.

Family Members

Individuals related by blood, marriage, or adoption who may share living arrangements and economic responsibilities.