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Acct 504 Case Study In Business Law

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Yes, she can because she is counted as minor as of now. As long as she is under 18, she can able to disaffirm any kind of contract. Because public policy of protecting minor is the basis of capacity rules (Barnes 2017: 220). Even though her mother signed the contract by representing her, she still can disaffirm the contract. If she became an adult by the time she disaffirming the contract, she needs some reasonable time to do that but she can still disaffirm the contract if she applied during that time. However, there are some consequences of disaffirming the contract, such as return any possession that have received from adults. On the other hand, if she did not disaffirm after attaining majority then the contract has become ratified, which means she lose her right to disaffirm the contract. CHAPTER 14 Q8 First of all, the contract was made voluntarily because the shop was busy on that day and asked help from next store. Prior to making a contract, the voluntarily party needs to know basic knowledge or do some research on that retailer, but due to short period of time, there was no time to do that. According to the text book, they have made unilateral mistake only the retailer knows the agreement of contract based on his/her …show more content…

Therefore, the Seaboard Lumber had to decide not to cut the timber. The commercial impracticability is an excuse that make things more expensive or not much value to that product (Barnes 2017: 293). Seaboard Lumber would make a loss if the contract was fully performed. On the other hand, if U.S. Forest Service included in contract that the price of timber prediction might fall during that time, then they might have recover some damages such as compensatory damages. In addition, it can be consequential damages if the Seaboard Lumber has not predicted this event, then the plaintiff might recover some

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