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Sholpan [36]
3 years ago
5

Monumental, Inc. contracts with Champion Builders to erect a three-story office building on a parcel of land it has purchased. B

efore construction begins, the local zoning board changes the zoning of the parcel and those adjoining it to residential use only. Monumental’s contract with Champion is discharged.
A. True.B. False
Business
1 answer:
Elza [17]3 years ago
7 0

Answer:

A) True

Explanation:

Monumental can discharge the contract by frustration. In order for a contract to be discharged by frustration, four conditions have to occur:

  1. An unforeseeable event must occur: In this case the zoning changes were unforeseeable.
  2. No party is at fault: the zoning board made the changes to the zoning of the land.
  3. Performance is impossible: there is no reason why an office building should be built in a residential only area.
  4. The result is radically different than expected: neither Monumental or Champion Builders expected a zoning change to occur.
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From 2009 to 2014, Eastlandia experienced large fluctuations in both aggregate consumer spending and disposable income, but weal
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Answer:

Explanation:

Marginal propensity to consume (MPC) = Change in consumer spending / Change in disposable income.

= (380 - 180) / (350 - 100)

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= 0.80

Marginal propensity to save (MPS) = 1 - Marginal propensity to consume (MPC)  = 1 - 0.80  = 0.20

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6 0
3 years ago
Read 2 more answers
At January 1, 2016, Deer Corp. has beginning inventory of 2,000 surfboards. Deer estimates it will sell 10,000 units during the
BlackZzzverrR [31]

Answer:

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Explanation:

Giving the following information:

Deer estimates it will sell 10,000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Each surfboard costs $100 and is sold for $150.

Sales:

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Third quarter= 11,200*1.12= 12,544

Sales revenue= 12,544*150= $1,881,600

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Software system modeling is a technique to deal with the complexity inherent in these systems. The use of models helps the software engineer to "visualize" the system to be built. In addition, models of a higher level of abstraction can be used for communication with the customer. Finally, the modeling tools and those of Automated Software Engineering. They can help verify the correctness of the model.

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