Ask Question
BusinessBusiness
8 May, 14:05

Serenity, a minor, obtains fruits and vegetables on credit from Virgil at Growers' Market. Later, Serenity disaffirms the purchase.

Serenity owes Virgil:

a. the reasonable value of the goods.

b. the retail value of the goods.

c. the wholesale value of the goods.

d. nothing.

+2
Answers (1)
  1. 8 May, 14:33
    0
    Answer: the reasonable value of the goods

    Explanation: Although Serenity didn't pen down a contract with Virgil at the Growers market, she still has to pay up the value of vegetables she got from the store. The value to be paid would be the amount serenity and Virgil agreed upon to be repaid as at the time the credit was given.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Serenity, a minor, obtains fruits and vegetables on credit from Virgil at Growers' Market. Later, Serenity disaffirms the purchase. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is the rule of 70? The rule of 70 A. states when an individual can be eligible for full social security benefits. B.
Answers (1)
When researching a specific employer, what information should you be looking for?
Answers (1)
What is prohibited in a command economy ?
Answers (1)
The Faulk Corp. has a bond with a coupon rate of 4 percent outstanding. The Gonas Company has a bond with a coupon rate of 10 percent outstanding. Both bonds have 12 years to maturity, make semiannual payments, and have a YTM of 7 percent.
Answers (1)
The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How does increased pessimism affect the aggregate demand curve? a.
Answers (1)
New Questions in Business
An A&E firm planning for a future expansion deposited $44,000 each year for 5 years into a sinking (investment) fund that was to pay an unknown rate of return.
Answers (1)
A billionaire offers to give you $5 billion if you will count out the amount in $1 bills or a lump sum of $5000.
Answers (2)
Gabrielle is the chief marketing officer of Boyd Pharmaceuticals. She is meeting with Trent, the chief financial officer to decide on the company's marketing communications budget.
Answers (1)
For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes more elastic because firms may need to invest in additional capital in order to increase production further. True or False?
No Answers
Economics A. assumes irrationality if people are paid enough. B. assumes individuals are rational and respond to different incentives. C. assumes government involvement in the economy is always beneficial. D.
Answers (2)
Home » Business » Serenity, a minor, obtains fruits and vegetables on credit from Virgil at Growers' Market. Later, Serenity disaffirms the purchase. Serenity owes Virgil: a. the reasonable value of the goods. b. the retail value of the goods. c.
Sign Up Forgot Password?