In the Thinking Green Box in the Chapter,companies Such as Mars

question 18

Multiple Choice

In the Thinking Green box in the chapter,companies such as Mars Drinks North America and First Global Express have found that:

• A)the recession of 2008-2010 has caused consumers to reduce their emphasis on companies producing green products.
• B)promoting their company's efforts at sustainability through "greening" has been a boost in helping them compete.
• C)pricing and cut backs in promotional expenditures has been the key reason they have increased market share.
• D)there is very little interest in the green movement in the United States but considerable support in Europe and Asia.

Understand the concept of contractual capacity and how it applies to minors.

Recognize the legal ability of minors to disaffirm contracts and understand the conditions under which disaffirmance is valid.

Identify the conditions under which a contract can be ratified by a minor and the effects of such ratification.

Differentiate between voidable, void, and unenforceable contracts, especially in regard to minors and individuals lacking capacity.

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Definitions:

Pepsi-Cola Syrup

A concentrated formula used to make Pepsi-Cola beverage, often mixed with carbonated water.

Usurped

The act of taking someone's power or property by force or without legal right.

Backdated Options

Stock options granted with an issue date in the past, often used to provide immediate gains for the option holder, but viewed critically for ethical and legal reasons.

SEC Reporting

Refers to the process of filing financial, operational, and other information required by the Securities and Exchange Commission, which oversees the securities industry in the United States.