1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
asambeis [7]
2 years ago
7

General Contracting was hired by the city of Rockyville to put in a new road through a mountain pass for $2 million. General Con

tracting did reasonable soil tests as would be expected of a contractor under their circumstances. The job would involve about 80% costs related to highway materials and 20% labor costs. When General Contracting started building the road, they discovered that it was solid granite a few feet down and that the mountain was unlike any they had ever seen in the state. It would cost them over $5 million in costs just to complete the job. If General Contracting refuses to complete the job at a loss and Rockyville sues, what result
Business
1 answer:
REY [17]2 years ago
3 0

If General Contracting is sued by Rockville for refusing to complete the job, General Contracting can have the contract discharged on an impracticability basis.

<h3>What would make a contract impractical?</h3>

When parties to a contract agree to a contract that based on normal circumstances and due course, and one party discovers that they cannot complete the contract based on unforeseen circumstances, the contact can be ruled impractical.

General Contracting could not foresee the solid granite foundation and so they could not have known they would pay so much to complete the project. The contract can therefore be impracticable.

Find out more on impracticable contracts at brainly.com/question/10160005.

You might be interested in
Say what type of learner you are independent learner, class-based learner, pragmatic,
photoshop1234 [79]
Independent, classroom, activist, pragmatic
7 0
3 years ago
Read 2 more answers
Determine the effect upon equilibrium price and quantity sold if the following changes occur in a particular market:a. Consumers
gtnhenbr [62]

Answer:

Explanation:

a. Consumer’s income increases and the good is normal. Equilibrium price stays same and quantity will rise

b. The price of a substitute good (in consumption) increases. Equilibrium price stays same and quantity sold will rise

c. The price of a substitute good (in production) increases. Equilibrium price stays same and quantity sold will rise

d. The price of a complement good (in consumption) increases. Equilibrium price rises and quantity sold will decline.

e. The price of inputs used to produce the good increases. Equilibrium price rises and quantity sold will decline.

f. Consumers expect that the price of the good will increase in the near future. Equilibrium price rises and quantity sold will also rise.

g. It is widely publicized that consumption of the good is hazardous to health. Equilibrium price declines and quantity sold will also decline.

h. Cost reducing technological change takes place in the industry. Equilibrium price declines and quantity sold will rise.

For each of the pair of events indicated below, perform qualitative analysis to predict the direction of change in either the equilibrium price or equilibrium quantity. Explain why the change is indeterminate.

a. Both a and h conditions occur simultaneously. This will raise the equilibrium since good is now cheaper to produce and consumer has more income to purchase it however effect on price will be dubious.

b. Both d and e conditions occur simultaneously. Equilibrium price rises and quantity will decline.

c. Both d and h conditions occur simultaneously. Dubious effect increase in price of complementary good and reduction in cost due to latest technology will offset each other’s effect and equilibrium will not change if the magnitude of both effects is the same

d. Both f and c conditions occur simultaneously Equilibrium price rises and Equilibrium quantity will also rise.

3 0
3 years ago
Rocoe Company produces a variety of garden tools in a highly automated manufacturing facility. The costs and cost drivers associ
tensa zangetsu [6.8K]

Answer:

Explanation:

Overhead allocation:

Unit level = $35,960/5800 * 480 = 2,976

Batch level = 13,052/260 * 27 = 1355.4

Product level = 3,988*40% = 1595.2

Facility level = 45,600/38,000 * 12,000 = 14,400

Total overhead allocated 20,326.6

7 0
3 years ago
_________________ based vpns are appropriate when the endpoints are controlled by different organizations and network administra
sergij07 [2.7K]
<span>Software vpns are often the choice when connecting different organizations and network administrators. This choice is led by two factors. Software vpns are less expensive and offer easier and more flexible configuration</span>
8 0
3 years ago
Written laws that establish certain of conduct that must be adhered to by covered parties are called
gladu [14]
The correct answer is C. Codes

such laws are called codified laws. Statues are similar but on a smaller scale and apply only to those who participate, while executive orders are created by the president in times of trouble.
6 0
3 years ago
Other questions:
  • The value of an investment increases by 0.05 % each day. by what percent does it increase in a year?
    10·1 answer
  • Lucky Cow Dairy provided the following expense information for​ May: Assemblyminusline ​workers' wages $ 72 comma 300 Caps for m
    11·1 answer
  • Hardwoods, a timber supplying company, contracted with a furniture manufacturer, Taylor Furniture. Hardwoods owned a large plot
    15·1 answer
  • Templates often speed up the process of server administration, explain how would you make sure you get as much benefit of your g
    11·1 answer
  • The federal reserve system is overseen by the _____. department of commerce senate board of governors president
    5·2 answers
  • At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the
    9·1 answer
  • Which of the following is classified as an asset​ account?A.Notes PayableB.​Owner, WithdrawalsC.Prepaid InsuranceD.Unearned Reve
    10·1 answer
  • The measurement of earnings concept that consists of a company’s profit from operations after taxed are subtracted is ________.
    12·1 answer
  • Which best compares and contrasts the teaching and training careers and the professional support careers? Both careers try to su
    14·2 answers
  • Whats Your Favorate View!<br><br><br><br> 2: whats your favorate exercize!
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!