Business, 11.11.2019 23:31, hippocampus

Mike minor buys some real estate for investment purposes. the contract obligates mike to make monthly installment payments for ten years. mike reaches the age of majority one month after making the contract. after this, mike makes 25 monthly payments under the contract, but then decides that he wants to rescind (disaffirm) the deal. which of the following is most true?
a. mike can disaffirm. b. mike cannot disaffirm because contracts for the sale of land can only be disaffirmed before the age of majority. c. mike cannot disaffirm because contracts for the sale of land must be disaffirmed within one year of the age of majority. d. mike cannot disaffirm because he has already ratified the contract.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 02:30, kseniyayakimno

Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls

Answers: 3

continue

Business, 22.06.2019 11:50, chas8495

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

Answers: 2

continue

Business, 22.06.2019 12:00, ajayrose

Describe the three different ways the argument section of a cover letter can be formatted

Answers: 1

continue

Business, 22.06.2019 17:20, andrespeerman

States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will

Answers: 1

continue

Do you know the correct answer?

Mike minor buys some real estate for investment purposes. the contract obligates mike to make monthl...