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iogann1982 [59]
3 years ago
12

ToughBuilders Corp., a construction company, finishes the construction of a house two days after the contract called for its com

pletion. The delay was caused solely due to low productivity. In this scenario, the level of performance of Tough Builders Corp. is recognized as ______.
Business
1 answer:
Helga [31]3 years ago
3 0

Answer:

In this scenario, the level of performance of Tough Builders Corp. is recognized as substantial performance.

Explanation:

"This doctrine is used to evaluate the performance in a contract. In order for a party to use this as an argument in a legal dispute, he must prove that he met the standard of substantial performance. If there is a material breach by either party, then substantial performance is not met. The fulfillment of one’s obligations can be met if there is only a slight difference in the exact terms and provisions that are identified in the contract. The test that is used to determine substantial performance is whether the difference or omission in the performance can be compensated for."

Reference: UpCounsel. “Substantial Performance: Everything You Need to Know.” UpCounsel, 2019

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It is important for policymakers to make credible announcements. If private agents (consumers and firms) believe that policymakers are committed to growing the economy, the agents will anticipate future prices to be higher than they would be otherwise. The private agents will then adjust their long-term plans accordingly, such as by taking out loans to invest in their business. But if the agents believe that the central bank’s actions are short-term, they will not alter their actions and the effect of the expansionary policy will be minimized.

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Why does an oligopoly only work if there are high barriers to entry in a market?
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Jared purchased a 10-year $100 par value bond with semiannual coupons at a nominal annual rate of 5% convertible semiannually an
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Answer:

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Explanation:

DEtailed solution is attached below:

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Read 2 more answers
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