Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ellen is 16. she buys a winter coat which she need

Ellen is 16. She buys a winter coat which she needs because her old one...

60.1K

Verified Solution

Question

Accounting

image
Ellen is 16. She buys a winter coat which she needs because her old one is stolen and it's very cold where she lives. And she buys a nice bracelet. Two months later she tries to return both for a refund, but the store has a "No Returns policy and refuses. a. She cannot disaffirm either purchase. She gets no refund. b. She can only disaffirm the bracelet purchase and get a refund for it. c. She can only disaffirm the winter coat purchase and get a refund for it d. She can disaffirm both purchases and get refunds for both QUESTION 2 1.5 points Save Answer Donna owed Hank $50. Donna also had a contract to paint Hank's room for $500 but she assigned her right to the payment for the paint job to Ernie. Hank was notified of the assignment. After the paint job was performed properly by Donna, Emnie came for the money. Hank said he only had to pay Ernie $450 because Donna owed him 556 and he was "offsetting that $50 against the $500 he owed for the paint job. When Ernie complained, Hank got upset and said he wasn't going to pay Ernie anything because the right was not assignable in the first place. What a mess! These nincompoops end up in court and you're the judge. How much, if anything, do you make Hank pay Emnie? Zero $450 $500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students