Olga,a Minor,signs a Contract to Buy a Computer from Phil,the

question 8

Multiple Choice

Olga,a minor,signs a contract to buy a computer from Phil,the owner of Quality Computer Store.Olga's right to disaffirm the contract

• A)does not change the fact that Phil is bound by the contract.
• B)does not yet exist because Olga is still a minor.
• C)gives Phil,an adult,the right to disaffirm the contract.
• D)is not valid because a computer is a "necessary."

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Definitions:

Overhead Volume

The total overhead costs associated with operating a business, which can include rent, utilities, and other indirect costs.

Labor Rate Variance

Labor Rate Variance is the difference between the actual cost of labor and the standard cost, based on the hours worked.

Unit Amount

A specific quantity or measure of something, often used to standardize measurements or compare values.

Total Amount

The aggregate sum or the entirety of a particular set of numbers, values, or transactions, representing the overall total.