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Doss [256]
3 years ago
7

Valerie contracts with Esteban, who agrees to build a stone retaining wall and drain on her property. The wall and drain are nec

essary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Esteban breaches the contract, Valerie is under a legal obligation to:__________.
a. wait until Esteban is prepared to build the wall and drain.
b. mitigate her damages.
c. do nothing, because she is the innocent party and thus has no legal duties.
d. absorb all of the costs associated with the property erosion caused by Esteban's breach.
Business
1 answer:
Kipish [7]3 years ago
6 0

Answer:

The correect answer is b. mitigate her damages.

Explanation:

The duty to mitigate damages, also called the duty of cooperation or obligation for itself, constitutes a limit  to the protection of the right of the affected party with the breach in regard to the amount of compensation, which arises after the cause of the damage.

This legal figure imposes on the creditor the duty to take reasonable measures at its disposal to reduce the damage arising from the  breach of contract and, correspondingly, abstain  of those unreasonable that can increase it. This means that the mitigation duty operates as a disincentive mechanism to  the passive or negligent attitudes of the creditor in the face of default, and prompts him to prevent the aggravation of the damage.

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James reported to the board of directors that it would be unlikely for them to expand the manufacturing facility in Brussels, Be
Alexus [3.1K]

Answer:

Foreign uncontrollable  environmental  elements

Explanation:

The unwritten rule is a foreign uncontrollable environmental element that affects the cultural environment of the factory. As a manager, James cannot control or influence this type of events or circumstances, and instead must adapt his facility's operations.

4 0
3 years ago
An increase in ________ will increase operating cash flow for a profitable
enot [183]

Answer:

Revenue / Sales

Explanation:

Operating cash flow is net of the cash received from the revenue and paid for the expenses during the year. Increase in revenue will lead to an increase in operating cash flow of a profitable business. Operating cash flow is net of the cash received from the revenue and paid for the expenses during the year. on the other hand the increase in Expenses will result in the decrease in operating cash flows.

3 0
3 years ago
A firm’s liquidity level decreases when:_______.
katovenus [111]

Answer:

b) inventory is sold on credit.

Explanation:

Liquidity is defined as the a business to use its current assets to settle it's current liabilities.

This is calculated by using the working capital ratio.

Working capital ratio = Current assets ÷ Current liabilities.

Cash and inventory contribute to a business' liquidity.

When inventory is sold on credit, it does not result in immediate increase in cash as payment is in the future. So there is a reduction in the current asset of the company.

A reduction in the numerator of the working capital ratio results in lower value of the ratio (lower liquidity)

5 0
3 years ago
Omar is setting up his company in quickbooks and selects the accrual basis of accounting. how will his business record income an
algol [13]

Omar is setting up his company in QuickBooks and selects the accrual basis of accounting. income is recorded when sales are made; expenses are recorded when incurred while his business record income and expenses.

Accrual accounting is a method of accounting in which revenue or expense is recognized when a transaction occurs, rather than when payment is made. This method follows the matching principle that income and expenses should be recorded in the same period.

Basic knowledge of debits and credits and what goes on behind the scenes. To use a QuickBooks backup file, you must restore it first. All commands accessible from the home page can also be found in the menu bar.

Learn more about QuickBooks at

brainly.com/question/24441347

#SPJ4

4 0
1 year ago
"Investment X offers to pay you $5,800 per year for 9 years, whereas Investment Y offers to pay you $8,600 per year for 5 years.
Butoxors [25]

Answer:

Present value of investment X = $41,225.37

Present value of investment Y = $37,233.50

Explanation:

The present value of the cash flows can be found by discounting the cash flows at the discount rate.

This can be found using a financial calculator

Cash flow each year from year 1 to 9 for investment X = $5,800 

Discount rate = 5%

Present value = $41,225.37

Cash flow each year from year one to year 5 for investment Y = $8,600 

Discount rate = 5%

Present value = $37,233.50

I hope my answer helps you

5 0
3 years ago
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