Which of the following is/are often used by companies exporting to countries that lack a convertible currency?

A minor signed a written sales contract to purchase a parcel of property from an adult seller. After the contract was signed, the seller learned the buyer was a minor and declared he contract void. Is the seller's action permissible?

A. Yes, the agreement is void because the buyer is minor. B. Yes, the buyer violated the statute of frauds by not disclosing their age. C. No, the agreement is binding on both parties and cannot be voided by either party. D. No, in this situation only the minor may void the agreement.

Pro forma statements are important since they formally report the performance of the firm during

the previous reporting period. Indicate whether the statement is true or false