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White raven [17]
3 years ago
11

Powder room mess. for $300,000, willis agrees to build a new home for robert, who is very picky. willis builds the home to rober

t's specifications with one exception. the faucets and linoleum flooring in an upstairs powder room are not exactly what robert specified. that was a mistake on willis' part, but he had not intentionally failed to follow specifications. when robert sees the powder room, he goes ballistic and tells willis that he will not pay willis anything for the house. it will take $300 to put in correct faucets and linoleum. willis says that he is willing to pay $300 to put robert in the position he would have been in had the correct faucets and linoleum been used, but that is all he is willing to pay. willis' offer to put robert in the position he would have been in had the proper faucets and linoleum been used is based on the measure used for what type of damages?
Business
2 answers:
storchak [24]3 years ago
6 0

Answer:

<em><u>The answer is</u></em>: <u>Compensatory Compensation for Damages and Damages.</u>

<u />

Explanation:

Compensation for damages directly compensates the victim for significant losses suffered. Most jurisdictions allow to seek compensatory and non-compensatory reparation. However, only compensatory reparation indicates a monetary restitution for economic damages or damages.

<em><u>The answer is</u></em>: <u>Compensatory Compensation for Damages and Damages.</u>

irga5000 [103]3 years ago
5 0

These types of damages are called “Compensatory damages”.

<span>Willis breached the contract but the breach was not material. So as a way to compensate for the damages Willis have made, he offered instead to pay $300 to put the correct faucets and linoleum in the powder room.</span>

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This means that they are very superior or in a higher rank than others.

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Explain the concept of the time value of money.
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Time value of money (TVM) is the concept that an amount of money today is worth more than the same amount of money in the future because of the potential for earnings. This is a basic principle of finance. Money in hand has more value than the same money paid in the future.

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1 year ago
Which country parades first during the olympics opening ceremony
Zarrin [17]

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3 0
2 years ago
Read 2 more answers
If the marginal damage caused by a certain type of pollution is $100 billion and the marginal cost of abatement is $180 billion,
Rom4ik [11]

Options :

A) society would be better off with zero pollution.

B) society would be better off if emissions were increased.

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D) Society would be better off if emissions were reduced

Answer:

Explanation: The marginal damage resulting from an emission refers to the extra damage resulting from the extra unit of emission released. Whereby the marginal cost of abatement refers to the cost incurred in reducing one extra unit of pollution. Taking a look at the cost of marginal damage incurred, which is $100billion and the marginal cost of abatement which is $180 billion. From an economic standpoint, aive the abatement cost considerably outweighs the marginal damage, it spending $180 billion to cover for a loss of $ 100 billion seems unreasonable. Therefore the society will be better off if emissions were increased.

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3 years ago
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sasho [114]

Answer:

Effect in income= $5,400

Explanation:

Giving the following information:

It costs Waterway Company $26 per unit ($18 variable and $8 fixed) to produce its product.

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Waterway would incur special shipping costs of $2 per unit if the order were accepted.

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Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

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Effect in income= 5,400*(21 - 20)= $5,400

3 0
3 years ago
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