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Mariana [72]
3 years ago
11

Hillside Homes, Inc., and Ideal Builders, Inc., enter into a construction contract that includes six pages of detailed calculati

ons. Later Hillside, whose project manager compiled the figures, discovers that some numbers were multiplied incorrectly, but Ideal refuses to make changes. A court would most likely
Choose one answer.
a. award damages to Hillside for the mistakes.
b. award damages to Ideal for the mistakes.
c. allow the parties to rescind the contract.
d. enforce the contract without requiring changes.
Business
1 answer:
sineoko [7]3 years ago
3 0

Answer: The correct answer is "c. allow the parties to rescind the contract.".

Explanation: A court would most likely <u>allow the parties to rescind the contract.</u>

It must be determined whether it was simply a mistake, or if I act in bad faith, trying to obtain greater benefit and harming the other party.

If it is determined that it was a multiplication error without bad intentions, a court will probably allow the parties to rescind the contract.

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If a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sale. For each of the following
PilotLPTM [1.2K]

Answer:

a. Is answered

b. The amount realized increases.

As the mortgage is assumed by the buyer, the seller is now free of the debt in addition to making cash from selling. Realized value therefore increases.

c. The amount realized decreases.

As the mortgage is assumed by the seller, they will have to pay off the mortgage from the cash received therefore their realized value decreases.

d. Amount realized increases.

As the buyer is gets the property subject to the mortgage, they will be the ones making the mortgage payments instead of the seller so the seller's realized value will increase.

e. Realized value increases to $10,000.

The seller accepted the stock so the fair value will be the amount considered for the realized value.

3 0
3 years ago
A department has budgeted monthly manufacturing overhead cost of $510000 plus $3 per direct labor hour. If a flexible budget rep
strojnjashka [21]

Answer:

Direct labor hour will be 158000

Explanation:

We have given manufacturing overhead cost = $510000

An total budgeted manufacturing cost = $984000

So balance variable cost = $984000 - $51000 = $474000

It is given that $3 per direct labor hour

We have to fond the number of labor hours

So number of direct labor hours will be =\frac{474000}{3}=158000

So dire t labor hour will be 158000

3 0
3 years ago
Midas improved its service quality by having customers make videos of themselves as they made car service appointments. This is
oksian1 [2.3K]

Answer: False

Explanation: Due to the fact that customers are making the videos themselves, they are likely to change their behavior which would make the information false and not accurate. Other people are not necessarily using situational observation.

Hope this helps!  :)

7 0
3 years ago
2. the forex markets are different kinds of markets where customers are connected globally. elaborate.
ipn [44]
It means that the currency that exist in forex market could be either sold or bought by anyone around the world.

for example ,

I live in United states. But through forex market, i could easily buy or sell Yen currency, which is used in Japan


6 0
3 years ago
Many conservative consumer advocates said you should not pay more than 25% of your TAKE-HOME PAY on a mortgage payment
Oksi-84 [34.3K]

Answer:

True

Explanation:

There is a general consensus that one has to be very conservative and avoid spending more than 35 percent of pretax income on home insurance payment, property tax, and mortgage. However the conservative model clearly suggests that mortgage payment should not exceed 25 percent of take-home pay and any mortgage loan should not exceed a 15 year tenure.

8 0
2 years ago
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