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marissa [1.9K]
2 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]2 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.

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Answer:

Preferred Stock = $60,000 and $3.00

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Explanation:

Dividends

Preferred Stock has preference when it comes to dividends payments. The remaining dividends are then paid to Common Stockholders.

Preferred Stock dividend = 20,000 x $50 x 6% = $60,000

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Preferred Stock dividend =  $60,000 ÷ 20,000 shares = $3.00

Common Stock dividend =  $100,000 ÷ 80,000 shares = $1.25

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3 years ago
A graph titled Change in U S Unemployment and Inflation from 1971 to 2001 has the year on the x-axis and percentage change on th
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falling unemployment and rising inflation.

Explanation:

Stagflation means that both the inflation and unemployment rate are rising. Before the 1970s, classical economists stated that an inverse relationship existed between the inflation rate and the unemployment rate. This means that when the inflation rate was increasing, the unemployment rate should be decreasing. But reality does not follow theoretical rules.

5 0
3 years ago
Read 2 more answers
Current liabilities __________.a. are listed in the balance sheet, starting with accounts payable.b. are listed in the balance s
dimulka [17.4K]

Answer:

Option D Are obligations that the company is to pay within the forthcoming year.

Explanation:

The liabilities are the obligation of the company that has arisen due to the occurence of past event and the organization is liable to pay the consideration (something that is valuable in monetary terms) to party. Their are many obligations that are not written in the financial statement which IAS 37 Provisions, Contingent Liabilities and Contingent Assets, does not permit to include in financial statement depending upon the chances of liability arising is remote or reasonably possible but not certain or probable. So the right answer is option D.

4 0
3 years ago
Say Mary would like to create a scholarship for $2,500 per year at ECU in her family's name. If the money market rate where the
Furkat [3]

Answer:

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We simply applied the above formula so that the correct value could come

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Learn more about project costs here brainly.com/question/15518327

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3 0
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