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kompoz [17]
3 years ago
12

Bob enters into a contract with jim and jen to build their new custom dream home in florida, and they agree on a price. before c

onstruction begins, a hurricane hits the florida coast, causing lumber to become scarce. bob is able to obtain lumber from texas at twice the itemized cost in the contract, and jim and jen agree to pay the difference. midway through construction, jim and jen change their minds and do not want to pay for the increased costs. the court will likely find the agreement is
Business
1 answer:
Damm [24]3 years ago
4 0
The court will likely find the agreement as a breach of contract. It is because one of the party decided to take back the agreement where they start to opposed, creating a breach of contract where one party does not follow what it says. Jim and Jen were the party that decided to disagree to the contract where they first agreed on with Bob.
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Concepts for Analysis 24-3 (Essay) Presented below are three independent situations.
Helga [31]

Answer:1. Make provision for warranty claims.

2. Disclosure of contingent liability

3. No cost should be recorded.

Explanation:

Warranty is an assurance made by firms to make good any agreed loss that is incurred by the customers in usage of goods and services whiting the period of the warranty. Since an estimation can be made based on firms history of sales a provision has to be made for possible warranty.

Since it's only probably that a loss will be Incurred by the firm by going into the contract and the financial statement has not been issue the firm should made a contingent liability disclosure in the report.

The self insurance is not a contract with a third party, in this vein no cost will be accrued until the loss is actually suffered.

6 0
2 years ago
Danny is an associate with Valley Chartered Accounts in New York. Among various other work commitments, Danny has to file the ta
nika2105 [10]

Answer:

E. instrumental support

Explanation:

Instrumental support is generally the assistance or support an individual receives from their colleagues that is tangible.

Sam, Danny's colleague, observing his stressful situation and then volunteered to assist Danny in meeting the deadline is an example of an instrumental support.

7 0
2 years ago
Read 2 more answers
Balance this redox reaction<br>Br2+NaOH → NaBr02+NaBr + H2O​
nevsk [136]

Answer:

2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O

Explanation:

<u>Step-1:</u>

Br₂ + NaOH → NaBrO₂ + NaBr + H₂O

<u>Step-2:</u>

Elements. LHS RHS

Br 2 2

Na 1 2

O 1 3

H 1 2

<u>Step-3:</u>

Elements L.H.S R.H.S

Br 2 × 2 4

Na 1 × 4 4

O 1 × 4 4

H 1 × 4 2 × 2

<u>Step-4:</u>

Elements L.H.S R.H.S

Br 4 4

Na 4. 4

O 4. 4

H 4 4

<u>Step-5:</u>

<u>2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O</u>

<u>-TheUnknown</u><u>S</u><u>cientist</u>

5 0
2 years ago
Read 2 more answers
The steps that managers must take to develop and maintain good working relationships with the unions that may represent employee
antoniya [11.8K]

Answer:

Labor relations

Explanation:

Labor relations is a term used to describe the steps to make decisions that can benefit both employer and employee, thus will maintain a good relationship with the worker union. A worker doesn't only need a salary. There is some benefit besides financial, like the safety of working conditions, work hours, or way to do self-development. Knowing what the employee needs can help a business to have a more motivated and higher productivity worker.  

3 0
3 years ago
You enter into a short crude oil futures contract at $43 per barrel. The initial margin is $3,375 and the maintenence margin is
Wewaii [24]

Answer:

The correct answer is "43.875". A further explanation is provided below.

Explanation:

The given values are:

Initial margin,

= $3,375

Maintenance margin,

= $2,500

Barrels of oil,

= 1,000

Now,

The loss on the position will be:

= 3375-2500

= 875 ($)

then,

⇒  1000 (P - 43) = 875

⇒  1000P-43000=875

On adding "43000" both sides, we get

⇒  1000P-43000+43000=875+43000

⇒                             1000P=43875

⇒                                    P=\frac{43875}{1000}

⇒                                        =43.875

8 0
3 years ago
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