Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
</u>
Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.
Answer:
$10,000
Explanation:
Probability that Bikul wrecks the car is 0.10
loss of wrecking the car is $100000
Therefore risk of wrecking the car = Probability x loss
risk = 0.10 x 100000 = 10,000
premium can be equated with risk, hence premium = $10000
Answer:
B. Check for positions in your area
Explanation:
i think though!! im not sure
Answer: Nonrational
Explanation: The nonrational model of decision making comes in the aspects of deciding on and pursuing a method of action that will satisfy the minimum requirements to achieve a particular goal, increments, and understanding without deliberate thinking that are administrative and realistic in the decision-making process.
However, with nonrational decision-making involving uncertainty and lack of available information to carry out a reasonable decision, there is a possibility of adverse results with the decision made and the likelihood of an effect tending to cause harm to the organization respectively. Also, this model of decision making is expensive and time-consuming altogether.
