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vladimir2022 [97]
3 years ago
6

Seller Deangelo agreed to mediate the radon gas problem in his basement within 31 days. It has been 31 days and he still has not

addressed the issue. What is the current status of the sales contract?
Business
1 answer:
emmainna [20.7K]3 years ago
8 0

Answer:

Deangelo has defaulted on the contract.

Explanation:

A party to a contract is said to have defaulted on a contract when a non material breach of a contract occurs. One of the parties to the contract fails to meet his obligations.

So the failure to do what is expected within a given time frame will result in default of the contract. The contract can now be cancelled.

In the given instance DeAngelo had an obligation to mediate the radon gas problem in his basement within 31 days.

He has failed to do this at the end of 31 days so he has defaulted on the contract

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An investor deposits 50 in an investment account on January 1. The following summarizes the activity in the account during the y
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Answer:

236.25

Explanation:

Calculation to determine X

First step is to calculate the 6 months Yield

6 month Yield=(40/40+20) (80/40+20) (157.60/80+80)+1)

6 month Yield=(40/60) (80/60) (157.60/160)-1

6 month Yield=5%

Second step is to calculate the Annual equivalent

Annual equivalent=(1.05)^2-1

Annual equivalent=10.25%

Third step is to calculate the 1 year yield

1 year yield=(40/50) (80/40+20) (175/80+80) (x/175+75)

1 year yield=(40/50) (80/60) (175/160) (x/250)-1

1 year yield=0.1025

Now Let calculate X

x(0.004667)=1+.1025

x(0.004667)=1.1025

x=1.1025/0.004667

x=236.25

Therefore X is 236.25

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