1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shkiper50 [21]
3 years ago
11

Wolfgang operates an upholstering business. He contracted to reupholster a sofa for Hans, and to do the work at Hans' home. Afte

r the work was complete, Hans failed to pay the agreed price. Wolfgang wants to assert a lien against the sofa in order to collect the money due to him. Is Wolfgang entitled to a lien under these circumstances?
A. Yes, because he is an artisan who improved personal property.
B. Yes, because Hansowes a debt based on the contract to improve the sofa
C. No, because he is not an artisan who improved personal property.
D. No, because he has no possession of the sotato claim lien.
Business
1 answer:
Roman55 [17]3 years ago
6 0

Answer:

B.

Explanation:

Based on the information provided within the question it can be said that in this scenario Wolfgang is entitled to a lien because Hans owes a debt based on the contract to improve the sofa. Regardless of what kind of contract, both parties entered an agreement and only Wolfgang held up his part of the agreement. Therefore Hans owes Wolfgang payment, and failure to do so entitles Wolfgang to a lien.

You might be interested in
An auditor wants to verify that for a given inventory acquisition, (1) the merchandise was ordered by the company, (2) the merch
choli [55]

The answer is: 1. the merchandise was ordered by the company

The auditor could easily obtain this information by looking at the company's purchase order. Purchase order would contain information regarding sellers, types of products, dates, prices, and quantities of the products ordered. This information is what the auditor need to fully verify the inventory acquisition.

5 0
3 years ago
Suppose you buy a 7 percent coupon, 20-year bond today when it’s first issued. If interest rates suddenly rise to 15 percent, wh
Mariana [72]

Answer: The value of the bond will decrease

Explanation:

The Interest rate has a negative inverse relationship with the value of a bond . When the interest rate increases the value of a bond decreases and when interest rate decreases  the bond value increases. Bonds with low coupon rates tend to be more sensitive to interest rate changes this is known has coupon effect.

Bonds with long time frame (long term bonds), they also  tend to be are more sensitive to changes in the interest rate this is known has the maturity effect.  Therefore a change in the interest rate will cause a huge change in the value of a Bond with low coupon rate and long time period.

The Bond is a 20 year Bonds which qualifies it to be a long term bond and the coupon Rate is 7%, with these facts and knowing that  long term bonds are more sensitive to interest rate changes we can conclude that the sudden increase of the interest rate to 15%  will cause a huge decrease in the value of the bond

5 0
3 years ago
The agency problem wherein ownership and control of a corporation are separate is associated with:_______
11Alexandr11 [23.1K]

Answer: The shareholder model of corporate governance

Explanation:

The agency problem is typically a conflict of interest in a relationship whereby a party is expected to act in the best interest of the other party. It should be noted that in corporate finance, the agency problem is a conflict of interest that takes place between the management of the company and the stockholders.

The agency problem wherein ownership and control of a corporation are separate is associated with the shareholder model of corporate governance.

7 0
3 years ago
Not more than hundred (100) words describe the nature of Ethics as a core branch of Philosophy.
kumpel [21]

Ethics is the branch of philosophy that explores the nature of moral virtue and evaluates human actions. Philosophical ethics differs from legal, religious, cultural and personal approaches to ethics by seeking to conduct the study of morality through a rational, secular outlook that is grounded in notions of human happiness or well-being. A major advantage of a philosophical approach to ethics is that it avoids the authoritarian basis of law and religion as well as the subjectivity, arbitrariness and irrationality that may characterize cultural or totally personal moral views. (Although some thinkers differentiate between "ethics," "morals," "ethical" and "moral,")





4 0
3 years ago
Why does switerland import so many goods fro indonesia such as textiles, garments, furniture, and agricultural products?
Step2247 [10]
The answer to this question would be A because Indonesia produce goods  cheaper than Switzerland can make them this is because the labor is cheaper.Sorry for the late answer. 
4 0
4 years ago
Other questions:
  • After several years with the publishing house that Jessica started at after college, she has been promoted to manager of the fic
    11·1 answer
  • Kings or queens who held all the power within thier states' boundaries
    9·1 answer
  • The key lesson regarding symptoms is that they:
    10·2 answers
  • A garment manufacturing company makes 380,000 articles per year. Each article takes 95 minutes of direct labor at the rate of $9
    15·1 answer
  • You own a stock portfolio invested 25 percent in Stock Q, 25 percent in Stock R, 15 percent in Stock S, and 35 percent in Stock
    12·1 answer
  • Given the following cost and activity observations for Smithson Company’s utilities, use the high-low method to calculate Smiths
    14·1 answer
  • JP Wholesalers is one of the largest wholesalers of wooden furnishings in the country. Recently, the company opened a chain of s
    6·1 answer
  • Why are companies required to perform payroll withholding?
    5·2 answers
  • Johnson Enterprises intends to make a dividend payment of $3.25 per share next year. After this dividend payment, the firm is co
    5·1 answer
  • Frank is considering a new job. However he is concerned about his pension fund. He knows that ________ which is the requirement
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!