{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-21T08:03:13-04:00", "answer_date": "2024-06-21 08:03:13", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3416442", "url": "\/study-help\/questions\/1-itdone-is-a-computer-company-it-contracts-to-sell-3416442", "question_creation_date_js": "2024-06-21T08:03:13-04:00", "question_creation_date": "Jun 21, 2024 08:03 AM", "meta_title": "[Solved] 1) ITDone is a computer company. It contr | SolutionInn", "meta_description": "Answer of - 1) ITDone is a computer company. It contracts to sell computer hardware systems that will manage BigBox's inventory. T | SolutionInn", "meta_keywords": "1,itdone,computer,company,contracts,sell,hardware,systems,will,manage,bigbox,s", "question_title_h1": "1) ITDone is a computer company. It contracts to sell computer hardware systems that will manage BigBox's inventory. The contract provides that the hardware will", "question_title": "1) ITDone is a computer company. It contracts to sell computer hardware", "question_title_for_js_snippet": "1) ITDone is a computer company It contracts to sell computer hardware systems that will manage BigBox's inventory The contract provides that the hardware will be delivered in one installment and that BigBox's payment will be due once the hardware is delivered and tested ITDone delivers and installs 90 of the hardware and informs BigBox that it will do no further work on the project When BigBox refuses to pay ITDone, ITDone sues BigBox for breach of contract Assume the contract is governed by the UCC, and not the common law Choose the best answer A) BigBox argues that ITDone did not complete the contract, its argument will fail, since failing to complete 100 of a contract never excuses a duty to pay B) If BigBox argues that ITDone did not complete the contract, its argument will succeed , since ITDone has materially breached the contract BigBox argues that C) ITDone did not complete the contract, its argument will fail since TDone substantially performed the contract D)If BigBox argues that ITDone did not complete the project, its argument will succeed , since Done did not comply with all of the requirements the contract 2) MapleSolutions contracts with Breakfast House to sell 800 gallons of maple syrup to Breakfast House MapleSolutions agrees to deliver the maple syrup on or before November 15 On November 8, MapleSolutions delivers 700 gallons of maple syrup with a note stating that the remaining syrup would be delivered the following day The next day MapleSolutions delivers 100 gallons of maple syrup Is Breakfast House entitled to reject the maple syrup and refuse to pay for it Choose the best answer A) NoMapleSolutions has substantially performed, and substantial performance is not breach B) Yes, Breakfast House is entitled to a perfect tender and did not get one C) Yes, Breakfast House is entitled to a tender that does not substantially impair the value of the performance D) NoMapleSolutions has completely cured any defective delivery 3) Garland contracts to resurface the asphalt parking lot at DeliverCo's distribution compound The contract provides that the contract price will be $120,000 Garland resurfaces one third of the parking lot, but refuses to complete the job As a resultDeliverCo has to hire someone else to resurface the rest of the parking lot for $60,000 The fair market value of the work performed by Garland is $30,000 Choose the best answer A) Garland is entitled to no remedy because it did not substantially complete performance B) Garland is entitled to $30,000 in restitution C) Garland is entitled to $120,000 because it substantially performed the contract D) Garland is entitled to $60,000 because equity requires that it recover some, but not all of the contract price", "question_description": "1) ITDone is a computer company. It contracts to sell computer hardware systems that will manage BigBox's inventory. The contract provides that the hardware will be delivered in one installment and that BigBox's payment will be due once the hardware is delivered and tested. ITDone delivers and installs 90% of the hardware and informs BigBox that it will do no further work on the project. When BigBox refuses to pay ITDone, ITDone sues BigBox for breach of contract. Assume the contract is governed by the UCC, and not the common law. Choose the best answer: A) BigBox argues that ITDone did not complete the contract, its argument will fail, since failing to complete 100% of a contract never excuses a duty to pay. B) If BigBox argues that ITDone did not complete the contract, its argument will succeed , since ITDone has materially breached the contract BigBox argues that C) ITDone did not complete the contract, its argument will fail since TDone substantially performed the contract . D)If BigBox argues that ITDone did not complete the project, its argument will succeed , since Done did not comply with all of the requirements the contract 2) MapleSolutions contracts with Breakfast House to sell 800 gallons of maple syrup to Breakfast House. MapleSolutions agrees to deliver the maple syrup on or before November 15. On November 8, MapleSolutions delivers 700 gallons of maple syrup with a note stating that the remaining syrup would be delivered the following day. The next day MapleSolutions delivers 100 gallons of maple syrup. Is Breakfast House entitled to reject the maple syrup and refuse to pay for it? Choose the best answer : A) NoMapleSolutions has substantially performed, and substantial performance is not breach B) Yes, Breakfast House is entitled to a perfect tender and did not get one. C) Yes, Breakfast House is entitled to a tender that does not substantially impair the value of the performance . D) NoMapleSolutions has completely cured any defective delivery. 3) Garland contracts to resurface the asphalt parking lot at DeliverCo's distribution compound. The contract provides that the contract price will be $120,000. Garland resurfaces one-third of the parking lot, but refuses to complete the job. As a resultDeliverCo has to hire someone else to resurface the rest of the parking lot for $60,000. The fair market value of the work performed by Garland is $30,000. Choose the best answer: A) Garland is entitled to no remedy because it did not substantially complete performance B) Garland is entitled to $30,000 in restitution . C) Garland is entitled to $120,000 because it substantially performed the contract . D) Garland is entitled to $60,000 because equity requires that it recover some, but not all of the contract price", "transcribed_text": "", "related_book": { "title": "Financial accounting", "isbn": "9781119153726, 978-1118285909", "edition": "IFRS Edition", "authors": "Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/245.jpg", "uri": "\/textbooks\/financial-accounting-ifrs-edition-245", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8850790851", "uri": "\/textbooks\/vending-machine-kingdom-comprehensive-guide-to-launch-scale-and-profit-from-your-automated-retail-business-master-the-art-of-residual-earnings-optimize-locations-and-boost-your-revenue-1st-edition-979-8850790851-222303", "name": "Vending Machine Kingdom Comprehensive Guide To Launch Scale And Profit From Your Automated Retail Business Master The Art Of Residual Earnings Optimize Locations And Boost Your Revenue", "edition": "1st Edition" }, "question_posted": "2024-06-21 08:03:13", "see_more_questions_link": "\/study-help\/questions\/social-sciences-psychology-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-firm-has-previously-issued-fixedrate-noncallable-debt-because-interest", "description": "A firm has previously issued fixed-rate non-callable debt. 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