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
ra1l [238]
4 years ago
15

Before buying a house, Dean and Donna Testa hired Ground Systems, Inc. (GSI), to inspect and describe the sewage and water dispo

sal system. GSI reported that a split sewage and water disposal system was in place with a watertight septic tank, a wastewater tank, a distribution box, and a leach field. The Testas bought the house. Later, Dean Testa noticed that the system was not as GSI described; there was no distribution box or leach field. Furthermore, there was only one tank and the tank was not watertight. The Testas arranged for the installation of a new system and sold the house. Assuming that GSI is liable for a breach of contract, what is the measure of damages?
Business
1 answer:
Alexus [3.1K]4 years ago
5 0
I would say that GSI would be liable for the cost of the new sewage and water disposal system since they incorrectly reported it as in good working order or at least they should be liable for the leach field, the distribution box and the cost of making the tank watertight. 
You might be interested in
The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $ 61,0
SIZIF [17.4K]

Answer:

The pension expense for the year is $94,130

Explanation:

The computation of the pension expense is shown below:

= Service cost + Interest cost - expected return of plant

where,

Service cost = $61,000

Interest cost = PBO, January 1 × discount rate

                     = $910,000 × 10%

                     = $91,000

Expected return on plant asset = Plan assets (fair value), January 1 × Long-term expected return on plan assets

= $643,000 × 9%

= $57,870

Now put these values to the above formula  

So, the value would equal to

= $61,000 + $91,000 - $57,870

= $94,130

6 0
3 years ago
Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $362,000; the partnership
Sveta_85 [38]

Answer:

$362,000 building and $231,000 in Fontaine's capital account

Explanation:

Fontaine and Monroe are forming a partnership

Fontaine invests a building that has a market value of $362,000

The partnership assumes responsibility of $131,000 note

Monroe invests $106,000 in both cash and equipment

The market value is $81,000

Therefore, since the building has a market value of $362,000 then, the amount that is recorded for the building is $362,000

The amount recorded for Fontaine's capital account can be calculated as follows

= $362,000-$131,000

= $231,000

Hence the amount recorded in the building and Fontaine's capital account is $362,000 and $231,000 respectively

8 0
3 years ago
An attempt to reduce inflation requires​ _____________ fiscal​ policy, which causes real GDP to​ _________ and the price level t
Maru [420]

Answer:

Explanation:

TO CONTRACT in order to pay more taxes and spend less money to avoid a price hike.  DECREASE, if people spend less money the GDP is affected because of the purchases and the price level obviously prives FALL.

6 0
3 years ago
Which of the following best describes an enterprise system? Select one: a. It captures data from company transactions and other
natka813 [3]

Answer:

b. It enables the sharing of information across all business functions and all levels of management.

Explanation:

An enterprise system enables the sharing of information across all business functions and all levels of management.

Enterprise systems usually comprises of Customer Relationship Management (CRM) and Product Life-cycle Management (PLM). It generally enables proper planning of the resources of an organization with coordination and integration of essential business processes.

5 0
3 years ago
Adam projects first-year sales for his new store at $250,000. He estimates that second-year sales will be 7 percent more than fi
vlada-n [284]

Answer:

$267,500

Explanation:

First-year sales are $250,000

Second-year sales will increase by 7 percent.

The first-year sales were 100%, second-year sales should be 107%

The first-year sale was $250,00; second-year sale will be  107% of $250,00

= 107/100 x 250,00

=1.07 x $250,000

=$267,500

3 0
4 years ago
Other questions:
  • According to the Smith, Ricardo, and Heckscher-Ohlin theories, a country's economy may gain if its citizens buy some products fr
    12·1 answer
  • The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to th
    13·1 answer
  • How is depreciation accounted for if disposal of a plant asset occurs during the year? A : It is not recorded for the year. B :
    10·1 answer
  • Mountaintop golf course is planning for the coming season. Investors would like to earn a​ 12% return on the​ company's $ 47 com
    13·1 answer
  • Calculate the earnings of workers A, B and C under the Straight Piece
    7·1 answer
  • Claude had an unpleasant experience during his last visit to dallas, texas. he was approached by two men with strong texas accen
    13·1 answer
  • The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment r
    15·1 answer
  • Candace can be described as an ambitious individual. She joined Boulder Distributors as a junior recruiter and wants to climb th
    12·1 answer
  • Which of the following would help a hiring manager determine whether a
    9·1 answer
  • Longitudinal research is complicated by high rates of.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!