Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 21, 2024

When time is stated to be of the essence in a contract a.performance must take place within a reasonable time. b.this means that time is

When time is stated to be of the essence in a contract

a.performance must take place within a reasonable time.

b.this means that time is a contract condition that must be strictly complied with.

c.this means that performance must be completed within the time limits specified by the UCC.

d.has been construed to mean that delay, unless unreasonable, will not eliminate a partys right to payment

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

College Accounting Chapters 1-29

Authors: John J. Wild, Vernon J. Richardson, Ken W. Shaw

2nd Edition

0077398173, 978-0077398170

More Books

Students also viewed these Accounting questions

Question

★★★★★

1. Using a decision tree based on maximizing expected profit, decide which machine Toledo Leather should select. Should overtime be scheduled? Or should a machine be modified and, if so, under what...

Answered: 1 week ago

Question

★★★★★

Tyka Manufacturing Company, an IFRS reporter, issued $900,000 par value, 5%. 5-year bonds dated January 1, 2018. The bonds pay interest semiannually each June 30 and December 31. Tyka received cash...

Answered: 1 week ago

Question

★★★★★

2. Appreciate the different approaches to explaining violent, sexual and arson offences

Answered: 1 week ago

Question

★★★★★

On January 31, Wilderness Resorts Inc. reacquired 22,500 shares of its common stock at $31 per share. On April 20, Wilderness Resorts sold 12,800 of the reacquired shares at $40 per share. On October...

Answered: 1 week ago

Question

★★★★★

Suppose you see evidence that the stock market is efficient. Would that make you more or less likely to invest in stocks for your 401(k) retirement plan when you get your first job? Suppose you see...

Answered: 1 week ago

Question

★★★★★

A sum of money invested now at 10 percent compounded semi annually is to provide payments of 1500 dollars every 6 months for 8 years, with the first payment due 6 months from now. a) How much money...

Answered: 1 week ago

Question

★★★★★

Harold Lau will deposit enough money today so that his account will contain $20,000 in 10 years. The account will pay interest at 8% compounded semiannually. Compute the interest (in dollars) that...

Answered: 1 week ago

Question

★★★★★

Module 2: Exemplary Level (2 marks) 8) A swimmer wants to end up at a dock due north of her starting point on the south side. In still water her maximum speed is 1.25 m/s. The river has a current...

Answered: 1 week ago

Question

★★★★★

Excel File Edit View Insert Format Tools Data Window Help 11 8 ) 75% Tue 10:23 AM QE AutoSave OFF A F ? C ... SMS310 Test 2 - Student File Final Home Insert Draw Page Layout Formulas Data Review View...

Answered: 1 week ago

Question

★★★★★

A developer filed a breach of contract action against a general contractor in federal district court. If the contract was breached, the general contractor believes the fault was that of the framing...

Answered: 1 week ago

Question

★★★★★

What would be the approximate current flow in a 120 volt circuit with a 400 watt toaster and an 800 watt microwave oven attached

Answered: 1 week ago

Question

★★★★★

Identify the differences between high-context and low-context cultures.

Answered: 1 week ago

Question

★★★★★

Discuss how the country- or organization-specific cultures influence HRM practices.

Answered: 1 week ago

Question

★★★★★

Describe the cultural characteristics of HRM practices in South Korea.

Answered: 1 week ago

Previous Question Next Question