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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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State the purpose of assets​
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Answer:

Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.

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Hope this helps!

3 0
3 years ago
Robinson spends all his income on mangos and bananas. Mangos cost $3 per pound. Robinson's marginal utility is 30 for the last p
ANEK [815]

Answer:

$1 per pound

Explanation:

Marginal utility is defined as the additional satisfaction that a person gains from consumption of an additional unit of a product.

Since Robinson spends all of his money on mangoes and bananas his the marginal utility per price of each product will be equal.

This is called equi marginal utility (Gossens second law).

Marginal utility of mango ÷ price of mango = marginal utility of banana ÷ price of banana

30 ÷ 3 = 10 ÷ price of mango

10 = 10 ÷ price of mango

Cross multiply

Price of mango * 10 = 10

Price of mango = 10 ÷ 10 = $1 per pound

8 0
2 years ago
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2. a leading indicator

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8 0
3 years ago
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Answer:

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