The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 12, Problem 2IS
Summary Introduction
Case summary:A minor person J moves out of her parents’ home and starts living in an apartment by signing one-year lease with KA. After two months the person J moves back to her home as she was unable to pay the rent.
To find: The capacity of KA to enforce the lease against the person J.
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Olivia told Tom that Alison was her leasing agent. Based on this representation, Tom signed a 3-year lease with Alison on a building owned by Olivia. Tom spent a considerable sum on special equipment for the property. Olivia now claims that Alison was not her agent because there was no written agency between her and Alison, and denies that she has leased her property to Tom. A court would likely decide that:
Group of answer choices
Olivia need not lease to Tom because Alison was not appointed in writing.
Olivia is estopped from denying the agency.
Alison was a dual agent.
An agency by ratification exists.
State whether the following agreements or contracts are void, voidable valid, and provide a reason for your answer.
1 ) Taylor, aged 17, gets married, and divorces two months later. After getting divorced, she enters into a contract with Michael for the sale of his house. (
2 ) Jessica, aged 5, enters into a contract with John, aged 11, for the sale of his bicycle.
3 ) Nomsa, aged 16, runs a successful boutique with the consent of her parents, and enters into a contract relating to her business.
4 ) Amy, who is 17, has inherited an apartment in Cape Town from her deceased father. The apartment is valued at R2 million. With her mother’s assistance, Amy enters into an agreement to sell the apartment to her aunt.
5 ) Justin, who is mentally ill, concludes a contract for the sale of his laptop without his curator knowing. (2)
Margo Riche is married to John Riche. John has a mental infirmity. They have a 22 year old daughter who has a
physical infirmity. Neither infirmity is severe enough to qualify for the disability tax credit. John has 2020 Net Income
For Tax Purposes of $6,600. Their daughter has no 2020 income. Determine the amount of any 2020 tax credits that
Margo will have related to her spouse and daughter.
Answer: Margo will be entitled to the spousal tax credit, including the additional amount for an infirm spouse. In
addition, she can daim the Canada caregiver credit for her 22 year old infirm daughter. The tofal credits would be
calculated as follows:
$2,427
$1,557
$341
$3,257
Chapter 12 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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