Question

Vincent entered into a contract to sell his laptop to Millie, age 17. Millie took possession...

Vincent entered into a contract to sell his laptop to Millie, age 17. Millie took

possession of the computer and continued to use it for five months after reaching her

18th birthday. How significant is her continued use of the computer?

Homework Answers

Answer #1

In this case it is visible that the contract is made with Millie who is a minor and can void this agreement as she had the right to do the same. Millie took possession of the computer and used it after she turned 18 which has no direct relation with the contract because the contract is made when she was not 18 and therefore, even if she uses the same after she turns 18 generally makes no sense as it makes no change to the contract at all. The date on which the contract was signed and agreed upon is important and actions after the signing has very less importance.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Tillman entered into a contract with Paul to purchase a stereo. Tillman is 17 when he...
Tillman entered into a contract with Paul to purchase a stereo. Tillman is 17 when he purchases the stereo and a month after he turns 18 he wants to disaffirm the contract, can he? Yes, as long as it is within 30 day of reaching the age of majority. Yes, as long as it is within 60 days of reaching the age of majority Yes, as long as it is within 6 months of reaching the age of majority. Yes,...
21. Rose is 17 in a state where majority age is 18. She purchased a prom...
21. Rose is 17 in a state where majority age is 18. She purchased a prom dress from Your Special Day. She wore it to the prom and then attempted to return it to the store, claiming that she was a minor and that she was entitled to a refund. The dress had clearly been worn and had a purple stain which Rose claimed was from grape juice. Additionally, a few days before she turned 18, Rose purchased a used...
1. I ask you to tie my shoe. You agree to tie my shoe, however, prior...
1. I ask you to tie my shoe. You agree to tie my shoe, however, prior to you tying my shoe you change your mind and refuse to tie my shoe. Using the elements of the contract, determine if this is a valid contract. 2. Bill agrees to sell James some cocaine for $100. James pays Bill $100 but Bill does not deliver the cocaine. Is this a valid contract, a voidable contract or a void contract? Explain your answer....
Case study; Mark, age 38, and his wife, Cathy, age 34, have two children; Sam is...
Case study; Mark, age 38, and his wife, Cathy, age 34, have two children; Sam is five and Alex is three. They decided that Cathy will stay home with the boys until they reached age 6 and were ready to attend first grade. Kathy's educational background is in early childhood education, so she feels comfortable staying home with the children. Mark is self-employed as an accountant, so he has a small office and two assistants. In addition, Gretchen, and Kathy's...
10. Scott takes $10,000 from his bank account to set up a small donut-shop business. He...
10. Scott takes $10,000 from his bank account to set up a small donut-shop business. He meets with an attorney, and finds out he can set up a sole proprietorship for under $100, but a corporation would cost over $500 ($175 to the state, about $400 to the attorney). He decides on a sole proprietorship. He signs a one-year lease, and starts his business. After six months of operations, he closes the business because of much-lower-than-expected sales. After using the...
David Miller (age 34) and his wife, Emily Miller (age 33), reside at 293 E. Main...
David Miller (age 34) and his wife, Emily Miller (age 33), reside at 293 E. Main Street in Sterling, MA, 01564 with their two children whom they fully support: Catherine (age 13) and Michael (age 11). During the year, Emily worked full-time as a customer service representative at a local bank and earned $37,600. Her employer withheld the following from her wages: Federal income tax $2,250.00 State income tax 1,124.60 Social security tax 2,331.20 Medicare tax 545.20 ROTH IRA contribution...
14. Jim, single, took out a mortgage on his home for $590,000 five years ago. In...
14. Jim, single, took out a mortgage on his home for $590,000 five years ago. In September of this year, when the home had a fair market value of $620,000 and he owed $550,000 on the mortgage, he took out a home equity loan for $80,000. Will used the funds to purchase a yacht to be used for recreational purposes. What is the maximum amount of debt on which he can deduct home equity interest? a. $70,000. b. $80,000. c....
CASE STUDY (Cheryl Tatano Beck's POSTPARTUM DEPRESSION THEORY) At the tender age of 11 years, Kim...
CASE STUDY (Cheryl Tatano Beck's POSTPARTUM DEPRESSION THEORY) At the tender age of 11 years, Kim was “sold” by her mother to three adult men for an evening of sex and drugs. Kim related that as her mother went out the door, she advised her to “do what they tell you and I’ ll be back in the morning.” Kim was never okay again. Although she did relatively well during the sporadic times she went to school, her life was...
PREPARE JOURNAL ENTRIES FOR THE FOLLOWING. 1. January 2: Mr. Burns opened up his new company...
PREPARE JOURNAL ENTRIES FOR THE FOLLOWING. 1. January 2: Mr. Burns opened up his new company and dissolved the old one. The balances of the accounts (with the exception of fixed assets and uncollectible) were transferred over from the old business. Mr. Burns decided that he needed to invest more money into the business in order to get operational. Mr. Burns invested $2,120,000 to create stock. 2. January 3: Mr. Burns bought a cookie making machine for $500,000 from Cookie...
Setting Standards, Calculating and Using Variances Leather Works is a family-owned maker of leather travel bags...
Setting Standards, Calculating and Using Variances Leather Works is a family-owned maker of leather travel bags and briefcases located in the northeastern part of the United States. Foreign competition has forced its owner, Heather Gray, to explore new ways to meet the competition. One of her cousins, Wallace Hayes, who recently graduated from college with a major in accounting, told her about the use of cost variance analysis to learn about efficiencies of production. In May of last year, Heather...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT