Answered step by step
Verified Expert Solution
Question
1 Approved Answer
N 3 4 5 6 7 2 For each scenario below, select from the option lists provided the type of discharge presented in the scenario
N 3 4 5 6 7 2 For each scenario below, select from the option lists provided the type of discharge presented in the scenario and the appropriate term(s) used to describe that discharge. Each choice may be used once, more than once, or not at all. Type of Scenario discharge Term(s) 1. Dorothy hired a licensed contractor to build a fence around her property. The contract terms required the fence to be completed within 4 weeks from signing. Due to a snowstorm in the area, the work was delayed, and the fence was completed in 6 weeks. 2. For the past 10 years, Alan has had a month-to- month lease of 100 acres of land in a popular tourist area. Alan has developed the land and sublet the space to local merchants. All sublets are subservient to Alan's lease. Unexpectedly, Alan received a 40-day notice to vacate the land. The company that owns the land had originally planned to develop it into a mega resort in 2-3 years, but its board of directors voted to move forward with the project immediately. After many unsuccessful phone calls to the lessor, Alan sent out 30-day vacate notices to his tenants. 3. Arnold Contracting, a licensed contractor, was 13 hired to construct building pads at a new commercial property. The contract was contingent on the developer purchasing the land. Unfortunately, the developer was outbid, and the purchase did not go through. 4. Burt hired a general contractor to remodel the kitchen in his home. The expected cost of the contract using standard materials was $30,000. Burt paid the contractor 209% of the expected cost as a down payment, and both parties signed the contract. Before work commenced, Burt met with the contractor and approved the design. He also made substantial upgrades to the materials, increasing the contract amount to $48,000. Burt paid the contractor an additional $3,600. The kitchen was completed 4 weeks later, and Burt, very happy with the results, paid the contractor all monies owed.Select an option below 2 Discharge by agreement (O Discharge by performance CANCEL Select an option below O Accord and satisfaction O Composition with creditors O Modification O Mutual rescission O Release A Christ parfarmanza RESET CANCEL ACCEPTSelect an option below O Modification O Mutual rescission O Release O Strict performance O Substantial performance O Substituted contract RESET CANCEL ACCEPT
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