What is the term for a minor choosing to proceed with the contract and the term for a minor choosing to void the contract?Select one:tionO a.disaffirmance & ratificationO b. acceptance & appealO C.acceptance & denialO d.execution & dismissal

Disaffirmance refers to a legal term that states the right for one party to reject a contract. So as…

Answered: What is the term for a minor choosing…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q1. To prevail in an action brought under common law, the plaintiff must show all of the following except: (in your response, explain the burdens of proof for a third-party plaintiff under common law). Q2. Kerry CPA is the auditor for Sammy Corp. During the audit, Kerry discovers a material misstatement in Sammy's financial statements. Sammy's management tells Kerry that if the misstatement is corrected or if Kerry issues an opinion that indicates there is a material misstatement, Sammy Corp. will likely have to declare bankruptcy and thousands of employees will lose their jobs. Which of the following statements is true if the misstatement is not corrected and Kerry issues an unqualified opinion on Sammy's financial statements? (in your response, identify the court case that makes Kerry liable to any person who suffered a loss as a result of the fraud).
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What is the term for a minor choosing to proceed with the contract and the term for a minor choosing to void the ca Select one: O a. disaffirmance & ratification O b. acceptance & appeal O c. acceptance & denial O d. execution & dismissal