Without Authorization,Rolf Contracts on Behalf of Sari to Have Tige

question 29

Multiple Choice

Without authorization,Rolf contracts on behalf of Sari to have Tige paint the interior and exterior of Sari's house.Sari ratifies the contract.Later,Sari tries to rescind the part of the contract re?lat?ing to the exterior.This attempt will be

• A)partly successful.
• B)partly unsuccessful.
• C)totally successful.
• D)totally unsuccessful.

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Definitions:

Total Capital Balance

The sum of a company's long-term debt, equity, and retained earnings.

Income Distribution

A statistical measure detailing the way in which total income is spread across the individuals or households within a specific economy.

Net Income

A company's overall earnings following the deduction of all costs, taxes, and expenses from its total revenue.

Capital Contributions

Funds or assets given to a company by its owners or shareholders to support the business, which increase equity but are not considered income.