Mark was visibly drunk when he went into a local store and an aggressive salesman saw he was drunk and got Mark to buy a new expensive stereo system
The next day when Mark became sober he realized he could not afford it so he went to the store and said he wanted to cancel the contract. As a result a court would rule that
A) the contract is valid and if Mark does not pay he will be liable for breach of contract
B) the contract is void as he cancelled within the 10 day cooling off period
C) the contract is void as Mark lacked the capacity to contract
D) the contract is void as Mark was drunk at the time he made the contract
E) both C and D
E
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Rooster's currently has $5,200 in cash. The company owes $31,700 to suppliers for merchandise and $41,500 to the bank for a long-term loan. Customers owe the company $26,400 for their purchases. The inventory has a book value of $53,300 and an estimated market value of $56,500. If the store compiled a balance sheet as of today, what would be the book value of the current assets?
a. 46,800 b. 55,600 c. 64,700 d. 84,900 e. 96,500
In his 2010 State of the Union address, U.S. President Barack Obama had vowed to double U.S. exports by 2015; doing so would require boosting exports 25 percent annually
Indicate whether the statement is true or false