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Elan Coil [88]
3 years ago
5

Building restoration, inc. (bri), enters into a contract to refurbish an old train depot for casual dining, inc., to open as eat

up restaurant. if bri completes most of the work promised in the contract, its performance will be:________.
a. damages for the uncompleted portion.
b. nothing.
c. reformation.
d. specific performance
Business
2 answers:
kiruha [24]3 years ago
7 0

<u>Correct Question:</u>

Building Restoration, Inc. (BRI), enters into a contract to refurbish an old train depot for Casual Dining, Inc., to open as Eat Up! Restaurant. BRI completes most of the work promised in the contract.  BRI's performance is

a. absolute.

b. complete.

c. material.

d. substantial.

<u>Correct Option:</u>

Building restoration, inc. (bri), enters into a contract to refurbish an old train depot for casual dining, inc., to open as eat up restaurant. If bri completes most of the work promised in the contract, its performance will be<u> substantial</u>.

<u>Option: D</u>

<u>Explanation:</u>

Substantial success at common law is a complement to the ideal tendering statute. It enables a jury to infer a concept that accounts for the output stated in the agreement to serve in for a conditional or substantially related output.

Contract violation is any result not being absolute or performing significantly is a material violation. That includes output below what is fairly appropriate at a stage. The content violator can not sue the other party for loss and is responsible for damages to the other party for the infringement.

TEA [102]3 years ago
4 0

Building restoration, inc. (bri), enters into a contract to refurbish an old train depot for casual dining, inc., to open as eat up restaurant. if bri completes most of the work promised in the contract, its performance will be: (d) <u>specific performance/Substantial Performance</u>

<u />

Explanation:

Substantial performance is a term used in contract law to refer to a degree of performance of a contract which isn't fully completed but the work is   so nearly equivalent that it would be unfair to deny the contractor the payment agreed upon in the contract

As  per the<u> Breach of Contract</u> – Any performance that is not complete or substantial performance is a material breach.

Some examples of substantial performance include the following: A contract wherein one party must supply 100 pumps but only 95 pumps where delivered.

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I hope this helps. Cheers.

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Answer:

Compute the amount of funds Ms. Bragg needs to borrow for June.

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What amount will the restaurant report as interest expense on the July pro forma income statement

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Explanation:

accounts receivable May 31 is $56,000.

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budgeted cash payments for June 30th = $710,000

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