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lys-0071 [83]
4 years ago
13

Walker & Co. (Walker) signed a written contract to lease a large neon advertising sign to Herbert Harrison, who is in the dr

y-cleaning business, for $148.50 a month. The contract stated that Walker, as the lessor of the sign, would "at its expense maintain and service the sign [and would perform] cleaning and repainting of sign in original color scheme as often as deemed necessary by lessor to keep sign in first-class advertising condition and make all necessary repairs to sign and equipment installed by lessor." A few weeks the sign was installed, someone hit the sign with a tomato and "little spider cobwebs" appeared in the sign's corners. Harrison repeatedly asked Walker to fix the sign, but Walker did not do so. As a result, Harrison made no further payments and Walker sued Harrison for remainder of the lease payments pursuant to the contract's terms. Did Walker make a material breach of the contract?
Business
1 answer:
Colt1911 [192]4 years ago
4 0

Answer:

I believe that Walter breached the contract because they failed to clean the sign, but I wouldn't consider it a material breach (this would be a non-material breach).

A material breach of a contract takes place when the breaching party does something (or fails to do something) that goes against the basic reason why the contract was signed. A material breach would be that Walter didn't provide the sign or that the sign never worked (didn't turn on). But in this case, the sign was a little bit dirty with little spider cobwebs appearing at its corners.

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Samantha wants to invest her funds and is seeking professional expertise for making investment choices for her. Which investment
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Answer

A.Mutual funds


Explanation

Mutual funds offers professional management. The managers will do a research on Samantha's behalf and select the securities and monitor the performance.

Mutual funds facilities investments in a range of companies and industries. This lowers the risks.In addition to that,mutual funds are affordable. The funds set a low dollar amount for first investment and subsequent purchases. Moreover, when it comes to liquidity,She can easily redeem her shares anytime for current net asset value(NAV) and additional redemption fees.

4 0
3 years ago
By examining relationships between items in the statement of cash flows, investors and creditors can do all of the following exc
d1i1m1o1n [39]

Answer:

determine cash investing and financing transactions made during the period.

Explanation:

When you analyze the statement of cash flows, you can determine and predict how will operating cash flows be in the future. E.g. a project is generating high amounts of cash, so you can predict that it will continue to do so for some time. But what you cannot predict or even compare is related to the financial and investing transactions that the company will make in the future. E.g. by analyzing a cash flow you cannot know if the company will decide to invest in other projects or will it decide to issue more stocks.

5 0
4 years ago
Which of the following would most likely use a job order costing system? a.oil refinery b.company that manufactures chlorine for
mamaluj [8]

Answer:

d swimming pool installer

Explanation:

7 0
3 years ago
A CEO wants to make the argument that his company should put policies and structures in place to ensure adherence to the highest
forsale [732]

Answer:

the three options are valid:

  • Most consumers would prefer to buy products made by a company that demonstrates ethical behavior.
  • Research has shown a correlation between organizations' commitment to ethics and profitability.
  • Employees prefer to work for highly ethical organizations.

Explanation:

According to Accenture Strategy’s Global Consumer Pulse Research, the vast majority of consumers care about corporate actions and ethics, i.e. what the corporation says it does compared to what it really does. Also, the vast majority of consumers  prefer to purchase products from ethical corporations. This is true not only because a research study says so, it is something logical.

Several researches have shown that higher corporate social responsibility results in higher profits. Basically the reasons for this correlation are the same ones as the previous statement's.

Employees, specially younger ones (40 years old and less) tend to be very concerned about working for ethical organizations and many are committed to improving ethical standards.

Information flows freely nowadays, and things that corporations could "hide" in the past, are made seen by millions in just a few minutes. Corporations aren't becoming ethical and green because they want to, they are doing so because consumers demand it.  

3 0
4 years ago
What is the return on common stockholdersâ equity based on the following: Beginning Common Stockholdersâ Equity: $10,317,000 End
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Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

  • net income = $1,429,000
  • preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
  • average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500

return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%

5 0
4 years ago
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