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irga5000 [103]
3 years ago
7

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) Misrepresentation
B) Parol evidence
C) Failure of conditions
D) Force majeure
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
6 0

Answer:

D) Force majeure

Explanation:

Based on the information provided within the question it can be said that in this scenario Anker is relying on Force Majeure as a defense to performance. This term refers to any kind of unforeseeable circumstance that may prevent an individual or company currently in a contract from fulfilling a their obligations that they have agreed to in the contract. Such as what Anker is stating happened to them.

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In year T, a US citizen buys 100 shares of Sonic on the Tokyo stock exchange at 700 yens each. Suppose the exchange rate then is
zlopas [31]

Answer:

Change in US external wealth between periods T and T +1 in dollars = -$100

Explanation:

Since nothing else changes, this implies that the exchange rate per yen is $0.01 in periods T and T +1. Therefore, we have:

Value shares of Sonic in period T in dollar = Number of shares of Sonic bought in period T * Price per share of Sonic in Yen in period T * Exchange rate per yen in periods T = 100 * 700 * $0.01 = $700

Value shares of Sonic in period T+1 in dollar = Number of shares of Sonic in period T+1 * Price per share of Sonic in Yen in period T+1 * Exchange rate per yen in period T+1 = 100 * 600 * $0.01 = $600

Change in US external wealth between periods T and T +1 in dollars = Value shares of Sonic in period T+1 in dollar - Value shares of Sonic in period T in dollar = $600 - $700 = -$100

4 0
3 years ago
The purpose of an executive summary is to A. combine information from various sources in novel and insightful ways that do not r
Savatey [412]
<h2>The purpose of an executive summary is to represent briefly the most important elements of your report including the key findings and conclusions.</h2>

Explanation:

Executive summary:

  • To highlight the main feature thus catching the attention of readers to learn more on it.
  • It should state the purpose of the report which is mandatory
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3 years ago
The following information is for Redwood Inc. for the year ended December 31, 2016. Redwood had a cash and cash equivalents bala
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Answer and Explanation:

The preparation of the cash flow statement using the direct method is presented below:  

                                         Redwood Inc.

                                     Cash flow statement

                        For the year ended December 31, 2016

Cash flow from operating activities

Cash Received from Customers $1,940

Interest on investments $220

Less: Interest on debt -$320

Less: Income tax -$84

Less: Purchase of inventory -$1,000

Less: Operating expenses -$520

Net cash provided by operating activities $236

Cash flow from investing activities  

Sale of land $120

Less: Purchase of equipment -$4,500

Net cash used by investing activities -$4,380

Cash flow from financing activities  

Sale of common stock $640

Issuance of debt securities $2,040

Less: Debt principal reduction -$1,540

Less: Dividends on common stock -$220

Net cash provided by financing activities $920

Decrease in cash -$3,224

Add: Beginning cash balance $5,600

Ending cash balance $2,376

The items which shows in a positive sign indicates the cash inflow and the items which shows in a negative sign indicates the cash outflow and the same is to be considered

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Ramesh works in a small civil-society organization with the mission to fight child labor in india. His organization has identifi
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"A multinational organization known for responsible labor standards" has the most adequate resources to collaborate with Ramesh in the achievement of this goal.

Child labor alludes to the work of kids in any field that denies kids of their rightful childhood, meddles with their capacity to go to school, and that is rationally, physically, socially or ethically risky and destructive. This is viewed as exploitative by numerous global associations.  

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3 years ago
The pledging of property as security for payment of a loan without surrendering possession is
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I think it's "<span>hypothecation" but I'm not 100% sure.</span>
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