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pishuonlain [190]
4 years ago
10

Bill spent most of his month’s allowance for expensive tickets to a rock concert after Lorene said she would go with him. On the

morning of the event, Lorene phoned and said she was terribly sorry, but Tony, the high school’s fullback, had also asked her to go and she “just couldn’t say no.” Did she breach a contract? Could Tony be held legally liable if he knew Lorene had already promised to go with Bill? Was Lorene’s conduct ethical? If Tony knew Lorene had already promised to go with Bill, was Tony’s conduct ethical?
Business
1 answer:
aksik [14]4 years ago
8 0
<span>Tony did not breach a contract because it was all up to Lorene and who she wanted to go with. Lorene is not obligated to go with either. Although Bill spent most of his allowance, he could still ask someone else, sell his ticket and or even go by himself. I do not think Tony could be held liable even if he knew. It was not a nice thing to flake on Bill, but ultimately, it was Lorene's decision to make.</span>
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Verify your own health and the health of any passengers.

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Answer:

$1,155,478

Explanation:

Present value is the sum of discounted cash flows

Present value can be found using a financial calculator

Cash flow in year 1 = $100,000

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To find the PV using a financial calculator:

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Answer:

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