<u>The party may be entitled to a </u><u>partial recovery</u><u> under the </u><u>contract.</u>
<u></u>
<h3><u>What is Substantial Performance in Contract Law?</u></h3>
Each party promises to uphold its end of the bargain when two parties enter into a contract. Say, for instance, that a property owner hires a contractor to work on their property's construction, such as adding a wing to the house. The property owner will pledge to pay for the services provided, and the contractor will promise to carry out the construction as specified in the contract.
When there is just a minor deviation from the terms of the agreement, a good faith attempt was made to achieve complete performance, and there was no major breach, a party may claim substantial performance. In essence, the result will be adequate to support payment for the services provided.
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Answer:
Safety needs
Explanation:
Safety need is the assurance that one is age to work without fear of injury in their workplace. This feeling of security will make employees focus more on delivering their best on the job. But a lack of safety in the workplace can lead to high staff turnover.
In this scenario the bank had installed hidden cameras, a fancy alarm system, and bars on entrance and exit doors. Nevertheless, the bank was burglarized last week.
Employees will bee to be further reassured that they are safe in their workplace.
<span>
<span>Stealth bank's
liabilities is valued to: 200 million.
This is in consideration of the following acccounting concepts: Reserves
are assets
Bonds are assets
Loans are receivable (assets)</span></span>
Answer:
10%
Explanation:
The firm cost of equity is the return that is required by providers of Common Stock. This can be calculated in two ways. The first option is to use the Dividend Growth Model and the other option is to use the Capital Asset Pricing Model (CAPM).
The information given in the question is not sufficient to use the Dividend Growth Model since we have not been told the growth percentage in dividends.
We will thus use the Capital Asset Pricing Model (CAPM) as follows :
Cost of Equity = Return of Risk free Securities + Beta × Market Risk Premium
Therefore,
Cost of Equity = 2.5% + 1.12 × 6.8%
= 10%
Below is the complete list of items in processing for 5,000 gallons:
Direct material rate for 5,000 gallons is $5,000,While the conversion rate for 5,000 gallons in 70% completed is 1,225.Total Complete list of the items in process is $6,225Direct Materials cost for 60 gallons is 66,000,Direct labor rate is 10,500factory overhead applied for the month is 7,275 therefore, total production cost is amounting to $90,000