1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marissa [1.9K]
3 years ago
12

A seller did not submit testing information required in the contract to the buyer, and the project manager did not notice it was

not received. After four weeks, the company head asked for the testing information and found out it was not received. The project manager then asked the seller to send the information. The seller argued, "You did not receive the testing reports for four weeks, and you did not say anything. You have therefore waived your rights to ever get them". The seller refused to give the reports without a change to the contract and additional payment. The issue went to court of law to resolve. What do you think was the court's decision? Post what you believe the decision was in this forum post. After posting, review and comment on at least one of your colleagues post. Be sure that you answer any questions that someone else might have made on your post. NOTE: You will not be able to see any other responses until you post your own.
Business
1 answer:
rusak2 [61]3 years ago
7 0

Answer:

Since the testing information is a requirement of the contract, the buyer has the right to request for it accordingly and the seller should not refuse unless fraud is implied.  The contract does not specify when a waiver of the right to the testing information should become effective.

The court of law should decide in favor of the buyer's right to receive the testing information from the seller.

Explanation:

Contract terms are agreements and promises that must be followed because they are made for consideration to be given and received.  If a contract for the sale of goods includes the submission of some information, this later requirement forms part of the contract and exchange of promises for consideration, and they must be respected and fulfilled, unless there is additional agreement specifying some deadline within which the right to such testing information is waived.

You might be interested in
In 2018, its first year of operations, Kimble Corp. has a $740,000 net operating loss when the tax rate is 35%. In 2019, Kimble
ivanzaharov [21]

Answer:

Explanation:

The journal entries are shown below:

a) Deferred tax asset A/c Dr  $259,000          ($740,000 × 35%)

          To benefit due to loss carry forward $259,000      

(Being recording of the carry forward amount is done)

Benefit due to loss carry forward A/c  Dr $259,000      

        To allowance to reduce deferred tax to expected realizable value $259,000      

(Being allowance amount is recorded)

b) Income tax expense A/c Dr.  $101,500       ($290000 × 35%)

        To Deferred Tax Asset A/c $101,500  

(Being recording of current tax and deferred tax is done)

Allowance to reduce deferred tax to expected realizable value Dr $101,500  

            To benefit due to loss carry forward $101,500

(Being allowance eliminated and carry forward loss is recorded)

5 0
3 years ago
An accountant increases the price he charges for his services by 2 percent. In​ response, the demand for his services decreases
Rashid [163]

Answer:

Decrease

Explanation:

The reason is that the price and demand are inversely proportional so if the price has been increased then the demand of the product will be decreased. Take the example of Bugatti Chiron, the price of the car is $19 million and total number of people that own is in tens this is because the buyers are less in quantity due to higher prices of the product. Same is the case here, if the accountant is going to charge high then his revenue will drop due to lower people are willing to buy its services.

4 0
3 years ago
How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fa
Nostrana [21]

According to <em>Robin Leidner</em>, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.

There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.

Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.

Learn more about standardization here:

brainly.com/question/8189591

3 0
3 years ago
A rock-climbing school faces two demand curves. the demand by local residents is q = 400 – 0.5p, and the demand by others is q =
horrorfan [7]
A rock-climbing school faces two demand curves. The demand by local residents is Q = four hundred - zero.fivep and the demand by others is Q = five hundred - zero.fivep. The marginal costs of serving either local residents or other are constant at one hundred dollars. If the rock-climbing school system third-degree price discrimination, It will charge local citizens and others a price of four hundred fifty dollars and five hundred fifty dollars, respectively.
7 0
3 years ago
Once a manager has identified a problem, he or she can generate alternatives to that problem. after this is done, the manager
Liula [17]
<span>The manager will weigh the pros and cons of each alternative before implementing the solution. The manager should look at each alternative and list the benefits and the negatives for each alternative. After reviewing the list of benefits and negatives for each alternative, the manager can eliminate the alternatives that possess too many negatives or cons. The alternatives with the most benefits should be considered more carefully. The manager should then implement the alternatives with the most benefits or pros on a trial basis. The alternative with the best results is the one that is deemed useful, permanent and beneficial to the company.</span>
3 0
3 years ago
Other questions:
  • Old Man Smith died owning a property with an estimated value of $500,000. He never married and died without leaving a will. Smit
    14·1 answer
  • One of the reasons ace distributors, a local manufacturing company, is considered a good place to work is that the managers enco
    5·1 answer
  • During the current year, Comma Co. had outstanding: 25,000 shares of common stock, 8,000 shares of $20 par, 10% cumulative prefe
    12·1 answer
  • On January 5, 2020, Sheffield Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumu
    14·1 answer
  • Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
    10·1 answer
  • Jamal has owned his home for about 5 years. his refrigerator needs to be replaced and jamal is thinking about buying an energy s
    11·2 answers
  • The quantity demanded of a good is the amount that buyers are a. willing to purchase. b. willing and able to purchase. c. willin
    8·1 answer
  • Maria is not a very financially literate person. in the past, she has been a victim of various forms of fraud. recently, she sig
    12·1 answer
  • How did the US find out about the missiles being set up in Cuba?
    12·1 answer
  • You should try to get the lowest interest rate possible in which situation
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!