Enters into a contract with leah

Assignment Help Accounting Basics

Reference no: EM131089535

1. Lukas is 13 years old. He enters into a contract with Leah (an adult) to purchase of a guitar. Leah then decides that she does not wish to sell the guitar and alleges that no valid contract exists as Lukas is too young to be able to enter into a legally binding contract. Is Leah correct? Would your answer differ if Lukas changed his mind and did not wish to purchase the guitar, but Leah wished to enforce the agreement?

Reference no: EM131089535

Questions Cloud

Write an essay examining a cultural conflict : What conflict have you chosen and what are your initial impressions of the economic, cultural, political, and territorial causes of the conflict?

What most significant problem with matrix project structure : What is the term used to describe the longest path time through a CPM network? In using modern project management, what does the "rule of urgency" NOT create?

Uses the specific identification method : Dahlia is in the 28 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis

Return funds issued by an increment factor : Explain why mortgage rates have a given interest fee hence all borrowers have to return funds issued by an increment factor?

Enters into a contract with leah : 1. Lukas is 13 years old. He enters into a contract with Leah (an adult) to purchase of a guitar. Leah then decides that she does not wish to sell the guitar and alleges that no valid contract exists as Lukas is too young to be able to enter into ..

What are your initial impressions of the economic : What conflict have you chosen - what are your initial impressions of the economic, cultural, political, and territorial causes of the conflict?

Cost minimizing combination : If output is produced according to Q = 5Lk (L is the quantity of labor and k is the quantity of capital), the price of K is $12, and the price of L is $6, then the cost minimizing combination of K and L capable of producing 4,000 units of output i..

Is conflict a religious conflict or a territorial conflict : Is this conflict a religious conflict or a territorial conflict? Why - how does this short film depict the realities of the West Bank Conflict today?

What issue did pepsico face here : What issue did PepsiCo face here - Suggest how marketers can avoid such cross-culture marketing mistakes and Write a six pages text report. Articles references must be current.

User Account

All Pages