Don also goes to lease an apartment and buy groceries

Assignment Help Financial Management
Reference no: EM131452848

Part 1: Don a minor agrees to buy an automobile from Sam Used cars for $2,500. He goes into the dealership and pays for the car. He leaves the dealership with the vehicle and immediately gets rear ended by another vehicle. He goes back to the dealership and demands his money back. Can he get his money back? Why or why not? Does he owe Sam anything for the vehicle?

Part 2: Don also goes to lease an apartment and buy groceries. He signs a lease. He decides that he doesn’t like the apartment after living there for two months. Can he get out of the lease with his landlord?

Do any of your answers change from Part 1 or part 2 if Don lied to Sam’s or the Landlord when buying the car or entering into the lease respectively?

Reference no: EM131452848

Questions Cloud

Profitability index for the series of future cash flows : Find the profitability index (PI) for the following series of future cash flows, assuming the company’s cost of capital is 10.61 percent.
Determine the minimum number of vehicles needed in factory : An automated guided vehicle system is being proposed to deliver parts between 40 work-stations in a factory.
Hat is the profitability index of the project : What is the profitability index (PI) of the project, if the company’s cost of capital is 6.21 percent?
Company is thinking in replacing an existing machine : A company is thinking in replacing an existing machine. The old machine it is expected to last for another four (4) years and has a market value of $3,000.
Don also goes to lease an apartment and buy groceries : Don also goes to lease an apartment and buy groceries. He signs a lease. He decides that he doesn’t like the apartment after living there for two months. Can he
End-of-the-year after-tax cash inflows : he project will produce the following end-of-the-year after-tax cash inflows of
What is the load handling time : An automated guided vehicle system is being planned for a warehouse complex. The AGVS will be a driverless train system, and each train will consist.
What is the purpose of each landscape : What is the purpose of each landscape? How are the images similar, and how are they different?
Gold mining-profitability index when evaluating project : Gold Mining, Inc. is using the profitability index (PI) when evaluating projects.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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