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Luba_88 [7]
3 years ago
8

Cut-Rate Construction Company (CCC) begins building a restaurant for Diners Restaurants, Inc., but after two months demands an e

xtra $100,000. Diners agrees to pay. IF CCC offers, as a reason for the extra $100,000, that ordinary business expenses have increased, the agreement is:
enforceable as an accord and satisfaction
enforceable because of unforeseen difficulties
unenforceable as an illusory promise
unenforceable due to the preexisting duty rule
Business
1 answer:
oksano4ka [1.4K]3 years ago
6 0

Answer:

Enforceable because of Unforeseen Difficulties

Explanation:

Unforeseen difficulties can make Cut-Rate Construction Company (CCC) to ask for an extra financial obligation from DIners Restaurant Inc in the process of a contract between the two parties on building a restaurant

Unforeseen difficulties are difficulties that come up in a contract that no party in the contract could have foreseen. However, it becomes the basis on which a further obligation may arise which is enforceable either voluntarily by the parties involved or by a court of law, should it become a litigation issue.

Unforeseen difficulties basically allow the modification of an existing contract based on complications that may arise during the course of the performance of the contract.

In order to modify the existing contract to accommodate the unforeseen difficulties, a novation ( replace the existing with a superseding one) or a Rescission (stopping the contract before it goes further) can be applied.

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Answer:

Yes, the Keynesian economists would favor this action.

Explanation:

Keynesians argue that in times of recession, the aggregate demand should be increased through government policies so that the economy recovers and output increases. The policy by Bush government put more money in the hands of people and as such their purchasing power increased. This increase in purchasing power would lead to an increase in aggregate demand according to the Keynesians.

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Prime lending rates are 1) __________ than subprime lending rates and are commonly offered to people with 2)__________ credit sc
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A prime lending rate is a rate used by a bank that is typically used in favor of "good" customers. These people tend to have great credit so they get a larger amount approved but at a lower interest rate than subprime. Subprime interests rates are higher because they are typically given out to those with poor credit history. </span>
4 0
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If the liabilities of a business are Rs.7,50,000 and the capital is Rs. 8,50,000. Find the total assets.
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Rs 1600000

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3 0
3 years ago
Hilton Hotels has diversified its lodging brands by adding Curio Collection, Tapestry Collection, and Canopy by Hilton, properti
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Answer:

The correct answer is D

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6 0
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A fixed cost is a cost which
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Answer:

The answer is c. remains constant in total with changes in the level of activity.

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In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.

Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.

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