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
Rama09 [41]
3 years ago
15

Allegheny Energy Supply Co. and Monogahela Power Co., a subsidiary, filed suit against Anker West Virginia Mining Co., later acq

uired by International Coal Group, for breach of contract. The parties had a contract for Allegheny and Monogahela to buy all of the coal produced from a proposed "Sycamore 2" mine, located in Harrison County, W.Va. The coal promised amounted to about 1.8 million tons per year, not less than 20 million tons total. Anker has never produced the necessary amount of coal, topping out at 480,000 tons per year in total from the mine. Anker had sent a letter to Allegheny in 2006 claiming physical difficulties at the mine and a change in the enforcement of regulations relating to coal mining near gas wells hampered their ability to extract coal from the mine. As a result, Anker said it was unable to deliver the necessary coal. Which defense to performance is Anker relying on? a. Failure of conditions b. Force majeure c. Parol evidence d. Misrepresentation
Business
1 answer:
Svetllana [295]3 years ago
3 0

Answer:

b. Force majeure

Explanation:

Force majeure simply refers to unavoidable accident, unexpected incidents, or chance occurrence that impede the fulfillment of a contract by a party it.

Force majeure is a common clause that is usually included in contracts in order to free both parties to the contract from liability or obligation that may occur due the occurrence of unforeseen circumstance beyond their control.

Examples of these unforeseen incidents include a new government regulation or law, riot, war, or an act of God like earthquake, flood, hurricane, and among others.

From the question, Anker is relying on force majeure because it had sent a letter to Allegheny in 2006 claiming physical difficulties at the mine and a change in the enforcement of regulations relating to coal mining near gas wells hampered their ability to extract coal from the mine.

You might be interested in
​Bryant, Inc. provides the following​ data:2017 2016Cash $47,000 $25,000Accounts Receivable, Net 100,000 62,000Merchandise Inven
statuscvo [17]

Answer:

The rate of return on total assets for 2017 is 62.03%

Explanation:

The return on total shows assets shows a relationship between the net income including interest expenses and the average total assets.

The computation of the rate of return on the total assets is shown below:

Rate of return on the total assets = {(Net income + Interest expense) ÷ average total assets)}  × 100

= ($185,000 + $20,000) ÷ {($404,000 + $257000) ÷ 2} × 100

= ($205,000 ÷ $330,500) × 100

= 62.03%

8 0
3 years ago
In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required
mel-nik [20]

A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.

A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.

  • However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.

Read more about this here

<em>brainly.com/question/4666914</em>

6 0
3 years ago
Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, li
SVEN [57.7K]

Answer:

Explanation:

1. Issued common stock to investors in exchange for cash received from inventors  - Increase in assets (cash) and an increase in equity  (Capital)

2. Paid monthly rent  - The decrease in equity and decrease in assets (cash)

3. Received cash from customers when service was rendered  - Increase in  assets (cash) and an increase in  equity

4. Billed customers for services performed  - Increase in assets (Accounts Receivable) and an increase in equity

5. Paid dividend to stockholders  - The decrease in equity and decrease in assets (cash)

6.Incurred advertising expense on account  - Decrease in equity and an increase in liability (Accounts Payable)

7.Received cash from customers billed in  - Increase in the asset (cash) and decrease in the asset (Accounts Receivable)

8.Purchased additional equipment for cash  - Increase in the asset (Equipment) and decrease in an asset (cash)

9.Purchased equipment on account  - Increase in the asset (equipment) and an increase in liabilities (Accounts payable)

5 0
4 years ago
_________ typically involves researching a specific market to determine its size, trends and potential.
liberstina [14]

Answer:

correct fill up is marketing research

Explanation:

solution

marketing research is typically involves researching  because marketing research basic reason is for carrying out research to findout  change in  consumer behavior due to change in element of the marketing mix

like product , prize , size, tread and potential etc

and it involves 2 types of data

  1. Primary information
  2. Secondary information

Market research always provide relevant data to help you for solve marketing challenges

so here correct fillup is marketing research

5 0
3 years ago
Managerial accounting information: Select one: a. follows GAAP in the reporting process. b. can be tailored to the needs of the
saveliy_v [14]

Answer:

b. can be tailored to the needs of the internal user.

Explanation:

Managerial accounting information is basically for internal users, and is not aimed to provide information to external users. It aims of future projections.

It need not follow the US GAAP process, as there is no statutory requirement.

Shareholders are considered external for this purpose, as internal ones are, management, employees, labor etc:

Therefore, it does not help shareholders.

It does not report any kind of business results, it only aims to regulate transactions and accordingly planning future goals.

Therefore, correct option is

b. can be tailored to the needs of the internal user.

7 0
3 years ago
Other questions:
  • LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 4.3 hours of direct labor at the r
    5·1 answer
  • Which eu country has recently established formal border controls along one of its borders?
    8·1 answer
  • A standing bill is one that has been passed as a law.<br> a. True<br> b. False
    5·2 answers
  • Kermit bought a production line 5 years ago for $35,000. At that time it was estimated to have a service life of 10 years and sa
    12·1 answer
  • Which market(s) has no competition
    10·2 answers
  • Herman Miller values employee characteristics such as integrity and trust, which considers such qualities to be important ______
    11·1 answer
  • Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year and that real GDP per capita
    7·1 answer
  • Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determi
    6·1 answer
  • The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its ass
    9·1 answer
  • Suppose management estimated the market valuation of some obsolete inventory at $99,000; this inventory was recorded at $120,000
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!