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Vikentia [17]
3 years ago
8

Sally has just purchased a home and wants to have an in-ground pool installed. She calls Cool Pools, the company that put in her

neighbors' pools. When the company rep comes to her property, he does some soil tests that are standard for the industry and gets the same results as he got when the other pools were put in, so the company gives her a price quote of $16,000. When Cool Pools begin excavating, it discovers solid rock 4 feel below ground level. The neighbors had no such rock. Cool Pools stops work and informs Sally that it will have to use explosives to remove the rock and the cost of the pool will now be $32,000.A) Sally can have the contract discharged based on frustration of purpose.B) Sally can have the contract discharged based on impracticability.C) Sally is under contract and will have to pay the new price.D) Sally can have the contract discharged based on impossibility.
Business
1 answer:
lawyer [7]3 years ago
7 0

Answer: B) Sally can have the contract discharged based on impracticability

Explanation:

A contract can be legally Discharged if both parties voluntarrily agree to it. It needs to meet certain criteria to be discharged on the basis of IMPRACTICABILITY such as death or illness or an EXTREME BURDEN being created.

The unforeseen circumstances that result in Sally having to pay $32,000 instead constitutes an Extreme Burden and therefore the contract can be discharged on Impracticability.

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4 0
4 years ago
Based on the following​ information, what is the balance on the current​ account? Exports of goods and services​ = $12 billion I
Delicious77 [7]

Answer:

-$7billion

Explanation:

Given that

Exports of goods and services=$12 billion

Imports of goods and services=$14 billion

Net income on investments= -$4 billion

Net transfers= -$1 billion

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Increase in U.S. holdings of assets in foreign countries= $3 billion

Recall that

CAB = (X - M) + NY + NCT

Where

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4 0
3 years ago
Read 2 more answers
Absolute Company has a manufacturing facility in Brooklyn that manufactures robotic equipment for the auto industry. For Year​ 1
madam [21]

Answer:

Direct material price variance= $400 favorable

Explanation:

Giving the following information:

Actual quantity purchased 200 units

Actual price paid $8 per unit

Standard price $10 per unit

<u>To calculate the direct material price variance, we need to use the following formula:</u>

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7 0
4 years ago
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