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anzhelika [568]
3 years ago
6

Vinny asks if he should force spud to finish the job. could oscar get a court order requiring spud to actually build the display

? yes, he was under contract to finish the display, so a court could order him to specifically perform. no, specific performance is an equitable remedy, and equitable remedies are never allowed in contract actions. no, specific performance is not allowed in this case because spud has another job. no, specific performance is not allowed in this case, only money damages. since spud cancelled on short notice, can oscar obtain punitive damages from him? no, since breaching a contract is usually held to be a business decision (not an act of moral turpitude), punitive damages are very rarely awarded in contract cases. yes, punitive damages are designed to punish, and are always available in contract disputes. yes, if oscar can show that spud made more money on the other job. yes, unless spud can prove that the other job was an emergency. if vinny finishes the job, a
Business
1 answer:
Lynna [10]3 years ago
5 0
The correct answers to the questions are as follows:
1. NO, SPECIFIC PERFORMANCE ARE NOT ALLOWED IN THIS CASE BECAUSE MONEY DAMAGES ARE AVAILABLE.
When a party to a contract refuse to fulfill the terms of a contract, there are two forms of punishments that can be imposed on such an offender. It is either the court force the offender to perform the tasks expected of him or he can be asked to pay financial fines, which represents the damages incurred as a result of abandoning his work. In the question given above, money damages option is available, so Spud does not necessarily have to be forced to complete the job.

2. The correct answer is this: NO, SINCE BREACHING A CONTRACT IS USUALLY HELD TO BE A BUSINESS DECISION [NOT AN ACTION OF MORAL TURPITUDE] PUNITIVE DAMAGES ARE RARELY AWARDED IN CONTRACT CASES.
Punitive damages are damages imposed by the court of law, which are targeted at differing an offender and others from engaging in conducts that are similar to that which formed the basis of the concerned lawsuit. Punitive damages are usually awarded if the court feels that the compensatory damages awarded is not enough to compensate the injured party. Punitive damages are only awarded in special cases and usually under tort law; punitive damages generally can not be awarded in contract disputes. 

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Financial Statements from the End-of-Period Spreadsheet
alexdok [17]

Answer: See explanation

Explanation:

Triton Consulting Income Statement For the Year Ended April 30, 20Y3:

Fees earned 279000

Less: Expenses:

Salary expenses = 242000

Supplies expenses 1650

Depreciation expense. 900

Miscellaneous expenses 2000

Total expense = 246550

Net income 32450

Triton Consulting Balance Sheet April 30, 20Y3

Assets

Current assets

Cash 21500

Account receivable 51150

Supplies 750

Total current asset = 73400

Property, plant and equipments

Office equipment 32000

Accumulated Depreciation 5400

Total property,plant and equipment = 26600

Total asset = 100,000

Liabilities

Current liabilities:

Account payable: 3350

Salary payable: 2000

Total liabilities = 5350

Stockholders equity

Common stock 20000

Retained earnings 74650

Total stockholders equity = 94650

Total liability and stockholders equity = 100,000

5 0
3 years ago
Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,
densk [106]

Answer:

=112.785

Explanation:

Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.

The formula for calculating the average days in inventory is as below.

Days in inventory = Average inventory /cost of goods sold x 365

for Re-UP Enterprises: average inventory = $189,880

cost of goods sold =$613,500,

Days in inventory

= $189,880/613,000 x 365

=0.309 X 365

=112.785

6 0
3 years ago
Ellie's Deli offers good sandwiches and fast service to its lunchtime customers from a nearby university. It also delivers the s
topjm [15]

Answer:

occasion

Explanation:

Occasion segmentation refers to dividing your potential market into target groups based on different occasions that they might purchase your products. This segmentation technique is used when target groups are defined based on specific times that they can access or purchase your products.

In this case, the same products are offered to different target groups depending on when they will be available. Ellie sells fast food to university students during lunchtime (form Monday to Friday) and offers those same products but with a different packaging to its catering clients for special events.

3 0
3 years ago
Constructive conflict Multiple Choice encourages employees to re-examine their basic assumptions about a problem and its possibl
anyanavicka [17]

Answer:

encourages employees to re-examine their basic assumptions about a problem and its possible solutions.

Explanation:

Constructive conflict encourages employees to re-examine their basic assumptions about a problem and its possible solutions.

When employees working in an organization are engaged in a constructive conflict, they are able to draw from a variety of ideas, opinions and views of the other party and by extension moving the organization forward in its operations, goals, objectives and mission.

<em>Hence, a constructive conflict enhances the level of output or production in an organization rather than inhibitions of growth and development. </em>

7 0
3 years ago
The ledger of Oriole Company on July 31, 2017, includes the selected accounts below before adjusting entries have been.
Katarina [22]

Answer:

July 31                                            Dr.           Cr.

1.  Interest Receivable                 $220

   Interest Income                                        $220

2. Cost of Goods Sold                 $4,100  

   Supplies                                                    $4,100

3. Rent Expense                           $1,050

   Prepaid Rent                                             $1,050

4. Salaries and Wages Expense $3,500

   Salaries and Wages Payable                    $3.500

5. Depreciation                            $470    

   Accumulated Depreciation                       $470

6. Unearned Service Revenue   $4,850

   Serivce Revenue                                       $4,850

7.  Maintainance & repair Exp.    $2,150

    Maintainance & repair Payable               $2,150

Explanation:

1.

Interest Income from Note receivable  = $22,000 x 12% x 1/12 = 220

2.

Reduction in supllies will be adjusted in Cost of Goods Sold by $4,100 ( $22,500 - $18,400 ).

3.

Monthly rent accrues = 4,200 / 4 = $1,050

4.

Unpaid salaried are recorded as the Salaries and Wages Payable of $3,500

5.

Depreciation per month = $5,640 / 12 = $470

6.

Service revenue will b recognized and balance is transferred from unearned revenue to service revenue.

7.

Maintenance and repair costs is recorded as as the maintenance and repair payable by $2,150.

4 0
3 years ago
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