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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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Improving your flexibility can benefit you in many ways. It can help you execute precise and difficult maneuvers better in sport
GarryVolchara [31]

Answer:

Explanation:

A good flexibility program will prevent injuries and increase performance. It helps to relax the muscles, enhances the posture and also improves blood flow.

3 0
3 years ago
On December 31, 2017, Ivanhoe Company had $1,313,000 of short-term debt in the form of notes payable due February 2, 2018. On Ja
gizmo_the_mogwai [7]

Answer:

They should be reported in 2 different parts, first under current liabilities as:

  • Notes payable $269,000

Then under long term liabilities:

  • Notes payable expected to be refinanced $1,044,000

Explanation:

the total short term notes payable on December 31 = $1,313,000

  • $1,044,000 were paid off by issuing common stocks, so that portion of the debt must be reported as notes payable expected to be refinanced (or refinanced debt)
  • the remaining $269,000 which were paid using cash reserves must be reported as current notes payable

5 0
3 years ago
Which of the following statements is correct?
marusya05 [52]

Did you get the answer I have the same question..

6 0
3 years ago
Read 2 more answers
If wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue, they should all?
Sedbober [7]

If wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.

Given that the demand for wheat is inelastic and the farmers want to increase their total revenue.

We are required to find how the farmers increase their total revenue if the demand of wheat is inelastic.

Inelastic demand means that the demand is likely not to be change by a change in the price of commodity.

If the demand is not likely to change by the change in the price then the farmers can increase their total revenue by increasing the price because the total revenue is the product of price and quantity.

Hence if wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.

Learn more about inelasticity at brainly.com/question/26850555

#SPJ4

5 0
1 year ago
A company had been selling its product for $20 per unit, but recently lowered the selling price to $15 per unit. The company's c
sammy [17]

Answer:

$2,600

Explanation:

As we know that the inventory should be recorded at a cost or market value which ever is lower

In the given case,

The cost is

= 200 units ×$16 per unit

= $3,200

And, the market value is

= 200 units × $13 per unit

= $2,600

So as we can see that the lower value is $2,600 and the same is to be reported on the balance sheet

6 0
3 years ago
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