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Mkey [24]
3 years ago
5

Shawn and Harry signed a contract for Shawn to build a house for Harry according to the specifications provided by Harry. The co

ntract stated that Shawn would be paid $125,000. Shawn unintentionally deviated from the specifications in several minor respects. The house was soundly constructed, and Shawn completed the work within the promised time. Harry refused to pay Shawn any of the $125,000, arguing that the house did not conform to the specifications. In this case:
a. Harry will get a decree of specific performance.
b. Shawn has no right to be paid for any of his work because he breached the contract.
c. if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.
d. if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused to him because of the delay in payment.
Business
1 answer:
Evgesh-ka [11]3 years ago
3 0

In this case: <u>c. if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.</u>

<u>Explanation</u>:

Harry signed a contract with Shawn to build a house. Harry made some specification to build the house. Shawn did not complete the house according to the specification of the Harry. So Harry refused to pay the contract amount.

<u>Under doctrine of specific performance</u>, the defendant, who has performed substantially, saving some part of contract which is not central to the contract unintentionally, he /she is entitled to receive the contract price as agreed less the money needed to correct the mistakes made by him.

So in this case, Harry can pay less money than the contract price.

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A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement c
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Answer:

The indicated value of the property amounts to $229,000

Explanation:

Indicated value is the bottom line which is appraisal opinion of the present value of the property after the reconciliation of all the approaches as well as methods to appraising the property.

The indicated value of the property is computed as:

Indicated value = Replacement cost - (Depreciation - Land worth)

where

Replacement cost is $235,000

Depreciation is $23,000

Land worth is $17,000

Putting the values above:

Indicated value = $235,000 - ($23,000 - $17,000)

Indicated value = $235,000 - $6,000

Indicated value = $229,000

Therefore, the indicated value of the property amounts to $229,000

7 0
4 years ago
Two of the biggest products the United States receives from other countries are
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Importation is the term used to describe the act of buying and securing goods from another country.
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2 years ago
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3 0
4 years ago
is starting her own accounting firm and hires , a freelance web designer who specializes in responsive design to build her busin
sasho [114]

Answer:

No, contracts for personal services are not assignable.

Explanation:

According to a different source, these are the options that come with this question:

Yes, as long as the assignment does not increases the burden on Max.

Yes, Claire can assign her obligations under the contract to anyone who accepts.

No, contracts for personal services are not assignable.

No, the assignment is not valid since Max did not give any consideration.

This is most likely not a good strategy for this woman. The fact that this woman has been hired as a freelance web designer means thta the woman is beig paid for her professional expertise. No one else can perform the job in the way that she can perform it. Therefore, she cannot assign this duty to another person.

8 0
3 years ago
If a man originally paid ​$4000 in property​ taxes, what will his new tax payment be if he saves 8​% this​ year?
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Explanation :

As we are given that,

Original property​ tax paid by a man = $4000

Percent rate of saving tax = 8 %

First we have to calculate the amount of tax he saved.

Amount of tax he saved = \$ 4000\times 8\%

Amount of tax he saved = \$ 4000\times \frac{8}{100}

Amount of tax he saved = $320

Now we have to calculate his new tax payment when he saves 8 % tax this year.

New tax payment = Original property​ tax - Amount of tax he saved

New tax payment = $4000 - $320

New tax payment = $3680

Thus, the new tax payment when he saves 8 % tax this year is, $3680

3 0
3 years ago
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