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hodyreva [135]
3 years ago
11

Ace Construction Company contracts to build a retirement community on land owned by Smith. Jones, an adjoining landowner, expect

s the value of his land to increase greatly once the retirement community is built. Ace Construction Company then breaches the contract to build the retirement community. In this case:
A.Jones can recover against Smith because he was a party to the contract with the construction company
B. Jones cannot recover against the construction company as an incidental beneficiary of the company's contract with Smith.
C. A and B are both true.
D. None of the above is true.
Business
1 answer:
Arada [10]3 years ago
4 0

Answer:

d.) Jones is an incidental beneficiary and has no right to sue for Ace Construction's breach of the contract.

Explanation:

Jones was not a direct party to the contract, in fact, any profit which he was supposed to receive was incidental in nature and thus he cannot sue Ace Construction's breach of the contract.

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2 years ago
You own shares of Somner​ Resources' preferred​ stock, which currently sells for per share and pays annual dividends of ​$ per s
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You should buy more shares

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The above-mentioned question is missing few components. I have added them to explain on how the question would be solved if all the variables were provided. Please note the additions in bold text below. The answer of which is given afterwards.

You own 300 shares of Somner​ Resources' preferred​ stock, which currently sells for $39 per share and pays annual dividends of ​$5.50 per share. If the​ market's required yield on similar shares 12% is ​percent, should you sell your shares or buy​ more?

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