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Marina CMI [18]
3 years ago
9

Which of the following occurs when a party unjustifiably fails to substantially perform his or her obligations under the contrac

t?A. Immaterial breach B. Substantial breach C. Material breach D. Delineated breach E. Crossed breach
Business
1 answer:
Naya [18.7K]3 years ago
3 0

Answer: Material breach

Explanation: Material breach means a law term which refers to a unsuccessful execution of performance under the agreement which is important enough to give the aggrieved party the ability to file case for breach of contract.

The outraged candidate is also astonished of a responsibility for further presentation underneath the agreement if there occurs a material breach.A minor difference from either the terms and conditions, nevertheless, is not really a substantive violation. A material violation is one which is sufficiently serious to kill the contract value.

Thus, from the above we can conclude that the correct option is C.

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Listed below are year-end account balances (in $millions) taken from the records of Symphony Stores.
azamat

Answer:

d) $2,377 millions.

Explanation:

Total of Assets comprises the sum of Current Assets and Non Current Assets. Current Assets are assets of a short term nature not exceeding 12 months and Non - Current Assets are assets of a long term nature, exceeding 12 months.

In the Balance Sheet, some assets are presented at their net amounts. Property Plant and Equipment is presented net of accumulated depreciation. Trade Receivables are presented net of allowances for uncollectable amounts.

Therefore,

Total Assets Calculation :

                                                                       $ millions

Accounts receivable-trade                              699

Building and equipment                                  930

Cash-checking                                                   40

Interest receivable                                             34

Inventory                                                            25

Land                                                                  166

Notes receivable (long-term)                         484

Petty cash fund                                                   7

Prepaid rent                                                      28

Supplies                                                              8

Trademark                                                        49

Accumulated depreciation                             (75)

Allowance for uncollectible accounts            (18)

Total Assets                                                  2,377

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