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topjm [15]
3 years ago
9

Campus Bus Service entered into a contract with Smith Bus Company to purchase 10 buses. One week before Campus Bus was scheduled

to receive the buses, a fire destroyed Smith's warehouse and the buses inside. As a result, Campus Bus had to purchase its buses at a slightly higher cost from another manufacturer. Campus Bus sues Smith Bus for damages for breach of contract under these circumstances. Assume Campus Bus did not bear the risk of loss of the goods under the contract. In this scenario, _____.
Business
1 answer:
dangina [55]3 years ago
5 0

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.

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tatiyna

Answer:

3. Agency bond

Explanation:

Agency bonds, also referred to as agency debt, is the bond issued by a government-sponsored enterprise or one of the federal departments. The US treasury as a department does not sponsor agency bonds because it issues bonds.

Agency bonds have a slightly higher interest rate than Treasury bonds. A home mortgage company backed by the government will issue agency bonds. The home mortgage company has the backing( sponsorship) of a government agency or department.

3 0
3 years ago
Consider the following balance sheet for the Wahoo Bank. Use it to answer the two questions that follow. Use a required reserve
Vlad [161]

Answer:

1. What will change on the balance sheet if Shantee withdraws $200 from her checking account?

Reserved Ratio = 10% = 200 * 10% = 20

Since Shantee withdraws 200$, The balance of the checking deposits on the liability side will reduce by $200, leaving a balance of $3800.

Under assets, the required reserves will be reduced by 20 leaving a new value of $380 and the loans will be reduced by $180 to $2820.

So the correct answers are:

C. Required reserves decrease by $20

D. Outstanding liabilities decrease by $200.

2. What will change on the bank's balance sheet if Francisco deposits $500 into his checking account?

Reserved Ratio = 10% = 500 * 10% = 50

Checking deposits will be increase by $500 for a total of $4500. Required Reserve will increase by 50 to $450.

So the correct answers are:

A. Required reserves increase by $50.00.

C. Outstanding liabilities increase by $500.

4 0
3 years ago
What does purchasing insurance for a business reveal about the business owner’s attitude toward financial risk?
Simora [160]

It shows that the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company.

8 0
3 years ago
Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will sell for $1
sergey [27]

Answer:

18.11%

Explanation:

Data provided in the question:

Selling price = $181

Fees charged = 4% = 0.04

Face value = $181 per share

Dividend paid each year = 10% = 0.10

Annual growth rate = 7% = 0.07

Now,

Uber's cost of capital of this common stock

= [ D1 ÷ (Face value - D1)] + Growth rate

= [ ( $181 × 0.1) ÷ ($181 - 181 × 0.1)] + 0.07

= [ 18.1 ÷ 162.9 ] + 0.07

= 0.1811

or

= 0.1811 × 100% = 18.11%

8 0
4 years ago
After World War I and the Great Depression, consumers purchased far less. To address overproduction, companies relied on adverti
marysya [2.9K]

To address overproduction, companies relied on advertising and personal selling. This was the

  • b. sales-oriented era.

<h3>What was the Great Depression?</h3>

This was a period in American history just after the World War when there was great economic recession and life was hard for people.

With this in mind, we can see that the sales oriented era had to do with the business style which coincided with the Great Depression as the people made use of advertising and personal selling as a way to increase sales.

Read more about sales oriented era here:
brainly.com/question/7031827

8 0
2 years ago
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