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exis [7]
1 year ago
10

if a homeowner breaches before performance has begun (no expenditures made) in a construction contract, what can the contractor

recover?
Business
1 answer:
ryzh [129]1 year ago
5 0

If a homeowner breaches before performance has begun (no expenditures made) in a construction contract, the contractor can only recover the profit that would have made on the contract.

Termination or breach of contract occurs when one party engaged in the contract wishes to end the contract before the other party can fulfill the contract. When a breach of contract occurs, one or both of the parties may seek either to enforce the terms of contract or recover for any financial damages caused by the (alleged) breach. Damages from the breach of contract are determined depending on the progress on the contract execution. If the owner breaches the contract before the contract has started, the contractor can only recover the profits that would have been made on the contract. If the breach occurs during the performance, contractor can recover profits plus the costs incurred in partial construction of the building. If the owner breach after the construction is complete the contractor can recover the entire contract price plus interest.

Learn more about Breach of contract:

brainly.com/question/24259882

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4 years ago
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With a organizational structure groups that are performing similar tasks may be at risk of duplicating their work and they may a
Nataly [62]

With a organizational structure groups that are performing similar tasks may be at risk of duplicating their work and they may also compete for shared resources is in the divisional structure.

In a divisional structure, many teams work alongside each other toward a single, common goal. Each of these divisions has an executive manager  who manages how that branch operates, controls its budgets and allocates its resources.

Large companies do generally employ divisional structure because they have different divisions.

One example of the divisional structure is a car company which separates its company into SUV or sedan vehicle branches. While each branch has its own function, they all work toward the same goal of making a sale. This is known as the multi-divisional structure.

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3 0
2 years ago
On January 1, 2020, Blue Inc. issued stock options for 290,000 shares to a division manager. The options have an estimated fair
nasty-shy [4]

Answer: $1,305,000

Explanation:

Blue initially estimated that the goal would not be achieved so had not catered for the expense in the case that it would.

In 2022, when Blue estimates that the target will be reached, they will have to account for the expenses for the three years for the option because the options value is to be amortized over the period in question which is 4 years.

Options value = 290,000 * 6

= $1,740,000

Over 4 years:

= 1,740,000 / 4

= $435,000

Over the three years:

= 435,000 * 3

= $1,305,000

<em>Expenses will increase by 1,305,000 for the year. </em>

4 0
3 years ago
What gives rise to the problem of scarcity​
dem82 [27]

Answer:

Explanation:

Often scarcity is caused by a combination of demand and supply induced effects. A rise in demand, e.g. due to rising population causes overcrowding and population migration to other fragile ecological areas

5 0
3 years ago
Last year, Blanda Brothers had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could exp
nadya68 [22]

Answer: Option D

Explanation: Cash flow can be of two types inflow and outflow. Inflow can be defined as those transactions in which money comes into the entity. And those transactions under which money leaves the entity is called outflow.

a. As common stock is a source of capital so issuance of it will bring cash to the company.

b. Debt is also a source of capital therefore its issuance will result in inflow.

c. Selling of assets will result in inflow of money.

d. Purchasing of assets involves spending of money thus outflow.

e. If the company did not pay the dividend it will result in no change in cash.

.

From all of the above options only option d can result in decrease in cash thus correct option is D.

3 0
4 years ago
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