Contract to purchase alcoholic beverages from liquormart

Assignment Help Operation Management
Reference no: EM131135162

1. Ralph, a 16-year old minor, is manager for the high school football team. Ralph signed a contract to purchase alcoholic beverages from Liquormart, Inc. for the team party. This contract is:

a) Void as a matter of law because it is illegal to sell alcohol to minors by state law.

b) Void only if Ralph misrepresented his age and told Liquormart he was an adult.

c) Valid and enforceable, but Ralph has the right to disaffirm because he is a minor.

d) Valid and enforceable, if Liquormart knew that Ralph was a minor.

2. Which of the following activities may involve the use of a contract, and/or constitute a sales contract?

a) Purchasing medications from a pharmacy.

b) Hiring a contractor to make home repairs.

c) Purchasing insurance policies from an insurance agent.

d) Selling books to customers in a bookstore.

e) All of the above.

Reference no: EM131135162

Questions Cloud

Examples of different definitions of conversion : Why is it hard to come up with a single, concise definition of conversion? Provide at least two examples of different definitions of conversion and explain why different definitions are needed.
Compute the net present value of each project : Garry Piper’s rich uncle gave him $80,000 cash as a gift for his 40th birthday. Unlike his spoiled cousins who spend money carelessly, Mr. Piper wants to invest the money for his future retirement. After an extensive search, he is considering one of ..
About the enforceable contract : X and Y agreed that X would sell Y his small business, including the land on which the business was situated, for $500,000. Both X and Y knew at the time the contract was formed that the business was actually worth $800,000. Is this a valid, enforcea..
Recover damages from kim under ordinary negligence : Kim carelessly parked her car on a steep hill, leaving the car in neutral and failing to engage the parking brake. The car rolled down the hill and knocked down an electric line. The sparks from the broken line ignited a grass fire that spread to a b..
Contract to purchase alcoholic beverages from liquormart : Ralph, a 16-year old minor, is manager for the high school football team. Ralph signed a contract to purchase alcoholic beverages from Liquormart, Inc. for the team party. This contract is: Which of the following activities may involve the use of a c..
Advantage of limited liability companies over corporations : Distinguish which of the following is an advantage of limited liability companies (LLCs) over corporations.
Member-managed limited liability company : CC’s Day Spa, LLC, is a member-managed limited liability company. So long as it is in accordance with state law, and unless the members previously agreed otherwise, voting rights will be apportioned according to: Jim and Kiley are architects and memb..
Determine the appropriate strategy and ways of implementing : Answer the given quetion below. 1. Identify a company of your choice and conduct different types of market research on their product. 2. Determine the appropriate strategy and ways of implementing the products and services that satisfy the needs/want..
Explain the principle involved in establishing a site layout : Explain the basic principles involved in establishing a site layout for a spill or release response. In your response, include the requirements for air and personnel monitoring

Reviews

Write a Review

Operation Management Questions & Answers

  Other daring stunts with the dangerous reptiles

Rudy the Reptile King has performed for the traveling circus for many years. Customers love to watch Rudy “charm” the python and do other daring stunts with the dangerous reptiles. They come to you for advice. Explain to the owners what remedy they w..

  Contrast the approaches to performance-based pay

Compare and contrast the approaches to performance-based pay used by Lincoln Electric and Southwest Airlines. Overall, which plan do you think is more effective? Why?

  Formulate a linear programming model to maximize profit

A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe and how many bags of standard mix of Peanut/Raisin Delight to put up. The deluxe mix has 2/3 pound raisins and 1/3 pound peanuts, and the standard m..

  What are two items regarding the manufacturing process

What type of process design do they use: Make to Order, Make to Stock, or Batch. What are two items regarding the manufacturing process related to the organization that the team finds unique or interesting

  Define what and how the family business is doing today

It is a family business class, so you must discuss the family that originated with the comany and discuss the generations that followed that family busniess and their roles in the business. Lastly, discuss what and how the family business is doing..

  Competitive strategy-interests strategy-rights strategy

Draft a 3-5 page informal paper of a negotiation you were involved in. Detail the nature of the negotiation, the process and the outcome and provide at least three of the principles of negotiations ie Accomodation strategy, Competitive strategy , Int..

  Reflection from imformation about eddie rivera

Reflection from imformation about Eddie Rivera

  Research methods-root causes and research instruments

Determining potential methods of researching the issues, identifying the root causes of the issues, and determining the appropriate research instruments to collect data are all discussed. Examples are provided with the explanations.

  Describe what you relied on external or internal sources

describe whether you relied on external or internal sources of information to help you make every decision also whether you think you were more linear or nonlinear in describe how you processed which information.

  National institute for healthcare management

What are some of the questions that you would need to ask, resources you might need to access, or actions you would take to prepare your organization for change or to exploit opportunities

  Present value model to determine value of the levered firm

An unlevered firm has a value of $850 million. An otherwise identical but levered firm has $50 million in debt at a 7% interest rate. Its cost of debt is 7% and its unlevered cost of equity is 11%. After Year 1, free cash flows and tax savings are ex..

  What kind of challenges could face the given project

What kind of challenges could face project? Design 4 services can be emerged from project? Discuss stations of locations? Comparing to the project in Almashaer in Makkah, what can be avoided to enhance service level?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd