No Journal Entry Is Made to Record a Stock Split

question 24

True/False

No journal entry is made to record a stock split.

Understand the impact of an individual's incapacity (due to age, mental condition, or intoxication) on the enforceability of contracts.

Recognize the legal implications of misrepresenting one's age when entering contracts and the concept of necessaries.

Comprehend the concept of ratification and its effect on minors' contracts once they reach the age of majority.

Understand the effects of intoxication on contract enforceability and the concept of voidable contracts.

---

Definitions:

Motivated Reasoning

The concept that people's desires and preferences influence their decision-making process and judgments.

Sincere Brand

A brand that is perceived as genuine and honest in its dealings and communications with customers.

Levels of Disappointment

Refers to varying degrees of dissatisfaction experienced by consumers when expectations are not met by products, services, or experiences.