Question
Jason runs a business installing home entertainment systems into his clients homes. It is discovered that some of his installations have been faulty. In which
Jason runs a business installing home entertainment systems into his clients homes. It is discovered that some of his installations have been faulty. In which of the following scenarios would Jason most likely be able to claim part of the contract price on the basis of substantial performance?
Select one: a. The contract price is $30,000, and the cost of rectifying the defects is $2,000. b. The contract price is $4,000, and the cost of rectifying the defects is $2,000. c. The contract price is $7,000, and the cost of rectifying the defects is $7,500. d. None of the other scenarios would allow Jason to claim part of the contract price, as full and exact performance is required in order to be paid.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started