Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
</u>
Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.
Answer:
<u>Since expected payoff for large job shop option is highest, firm should make large job shop option as capacity choice</u>
Explanation:
Expected payoff of any capacity alternative
= Probability of moderate acceptance x Payoff of moderate acceptance + Probability of strong acceptance x Payoff of strong acceptance
= 0.40 x Payoff of moderate acceptance + 0.60 x Pay off of strong acceptance
Thus Pay off for small job shop option
= 0.40 x 24000 + 0.6 x 54000
= 9600 + 32400
= $42,000
Pay off for medium job shop option
= 0.40 x 20000 + 0.60 x 64000
= 8000 + 38400
= $ 46,400
Pay off for large job shop option
= - 0.40 x 2000 + 0.60 x 96000
= - 800 + 57600
= $56,800
Answer:
umm........i think its A..............
Explanation:
Answer: Yes, because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
Explanation:
Based on the information given, the holder of the remainder interest can recover the tax payment from the life tenant because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
It should be noted that it's the obligation of life tenants to pay all ordinary taxes on the land as well as the interest on the mortgage. In a situation whereby an incime isn't produced by the property like in the scenario given in the question, then the life tenant will be responsible for the taxes and the interest on the mortgage to the extent of a reasonable rental value of the land.