Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 04, 2024

Monica is hired by Herbertto paint a picture. Herbert would like a picture painted of his house. He wants it completeby July 1. A) Assume

Monica is hired by Herbertto paint a picture. Herbert would like a picture painted of his house. He wants it completeby July 1.

A) Assume Monica paints the picture but finished three days late.Assume Herbert is excitedabout thequality but angry abouther finishing late. Would this be a material breach, substantial performance or complete performance?

B Next, assume Herbert's house burns down before Monica is finished painting the house. What effect might this have on the contract?

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

Recommended Textbook for

Understanding Immigration Law And Practice

Authors: Ayodele Gansallo, Judith Bernstein-Baker

2nd Edition

154381378X, 978-1543813784

More Books

Students also viewed these Law questions

Question

★★★★★

1. Could SMS Elotherm have taken steps to avoid the position in which it eventually found itself? What are those steps? Why do you think the company did not take these steps? 2. Why was Keiper...

Answered: 1 week ago

Question

★★★★★

After a long day of driving you take a late-night swim in a motel swimming pool when you go to your room you realize that you have lost your room key in the pool. You borrow a powerful flashlight and...

Answered: 1 week ago

Question

★★★★★

What extraneous variables might have affected the outcomes of this study? Does the author mention them? What were the controls? Were they sufficient?

Answered: 1 week ago

Question

★★★★★

1. Using the framework in Figure 10.3, how would you categorize information technology, temporary personnel, and advertising as spend categories for the bank? Why? 2. What recommendations do you have...

Answered: 1 week ago

Question

★★★★★

Alfa, Inc. makes and sells balls. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available:...

Answered: 1 week ago

Question

★★★★★

On January 1, 2023, Pulaski, Incorporated, acquired a 60 percent interest in the common stock of Sheridan, Incorporated, for $392,400. Sheridan's book value on that date consisted of common stock of...

Answered: 1 week ago

Question

★★★★★

Your firm purchases a machine for $20,000 You purchase the machine using current available cash-balances from a previous period. You have cash sales from your retail customers of $150,000 You have...

Answered: 1 week ago

Question

★★★★★

When sequential long-term financing is involved, the choice of debt or equity influences the future financial A timing B flexibility C stability D liquidity of the firm.

Answered: 1 week ago

Question

★★★★★

C owns all of the stock of Z Corporation, which is worth $1 million. Z wants to acquire land worth $75,000 from D. C proposes to transfer $1.00 of cash to Z at the same time D transfers the land to...

Answered: 1 week ago

Question

★★★★★

Overview You are an accountant for the Crestview Financial Services firm. You have been examining financial statements for a client called LMS Manufacturing Corporation. You recently discovered key...

Answered: 1 week ago

Question

★★★★★

Figuring out how to frame things comes from asking yourself the question, firm grasp of the obvious is something that great negotiators are able to do. O "What is really going on here?" O "Has your...

Answered: 1 week ago

Question

★★★★★

Which one of the following depends on the risk control function to provide a clear profile of the applicant's loss exposures and related hazards? Available answer options Select only one option A...

Answered: 1 week ago

Question

★★★★★

3. How can rumours about someone contribute to creating the behaviour we expect him / her to have? Use examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★

2. How can the expectations we have of a person contribute to the image we have of him / her? Give some examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★

9. Discuss the statement: If the actors mainly act on the basis of a view of human-ity as driven by self-interest, and incorporate this idea into their models, they may end up with their premises...

Answered: 1 week ago

Previous Question Next Question