Dustin, who is 17 years old, purchased a car from speed auto sales inc. for $1,000. the following year, dustin's father gifted him a brand new car on his 18th birthday. dustin returned the car that he had purchased to speed auto sales the next day, and he demanded his money back. at the time of disaffirmance, dustin was 18—the age at which he was considered an adult in his jurisdiction. will this disaffirmance be enforceable in the court of law?

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.