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
NARA [144]
3 years ago
9

Quasi Contract Middleton Motors, Inc.. a struggling Ford dealership in Madison, Wisconsin. sought managerial andfinancial assist

ance from Lindquist Ford, Inc. a successful Ford dealership in Bettendorf, Iowa. While the two dealershipsnegotiated the terms for the services and a cash infusion, Lindquist sent Craig Miller, its general manager. to assumecontrol of Middleton. After about a year. the parties had not agreed on the terms, Lindquist had not invested any money.Middleton had not made a profit. and Miller was fired without being paid. Lindquist and Miller filed a suit in a federaldistrict court against Middleton based on quasi contract, seeking to recover Miller’s pay for his time. What are therequirements to recover on a theory of quasi-contract? Which of these requirements is most likely to be disputed in thiscase? Why? [Lindquist Ford, Inc. v, Middleton Motors. Inc, 557 F.3d 469 (7th Cir. 2009)]
Business
1 answer:
Dima020 [189]3 years ago
3 0

Answer:

Quasi Contract:  

In the case of Lindquist Ford, Inc. v. Middleton Motors, Inc., 557 F.3d 469 (7th Cir. 2009) the trial court settled money damages to Lindquist. The Court of Appeals reversed the result that the trial court had mismanaged the mutual law theories of quantum meruit and unjust augmentation and imprisoned for a new trial. The trial court settled damages to Lindquist and Miller for Miller's salary.

Explanation:

The necessities to improve on the quasi-contract theory are as follows:

  • The party looking for damages discussed a benefit on the other party.
  • That party also discussed the benefit with the sensible expectation of being paid.
  • The party was not performing as a volunteer in providing this benefit.
  • The party getting the benefit would be irrationally enriched if permitted to retain the benefit without disbursing for it.

All of these necessities must be encountered in order for a quasi-contract judgment to be awarded.

The necessities under unjust improvement are as follows:

  1. A benefit discussed upon the perpetrator by the plaintiff.
  2. Appreciation by the respondent of the fact of such benefit.
  3. Acceptance and retention by the respondent of the benefit, under conditions such that it would be discriminatory to retain the advantage without payment of the worth thereof.

Lindquist met the essentials required for unjust enhancement and the court fund in their favor.

The necessities under quantum merit are as follows:

  1. The complainant must prove that the respondent requested the plaintiff's services.
  2. It was reasonable for the applicant to expect reimbursement for the services. Lindquist met the elements compulsory for quantum meruit and the court found in their favor.

The condition most likely to be doubtful in this case is whether or not the party seeking compensations actually discussed a benefit upon the other party, or whether Lindquist essentially conferred a benefit upon Middleton through the management of Miller. The court resolute through indication presented that Lindquist and Miller had a reasonable anticipation to payment for services rendered and that Middleton received a benefit from Miller's services

You might be interested in
Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be
Andre45 [30]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Machine-hours required to support estimated production 155,000

Fixed manufacturing overhead cost $ 653,000

Variable manufacturing overhead cost per machine hour $ 4.70

<u>First, we need to calculate the predetermined overhead rate.</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (653,000/155,000) + 4.7

Predetermined manufacturing overhead rate= $8.91 per machine hour

Job 400:

Direct materials $ 390

Direct labor cost $ 220

Machine-hours used 37

<u>T</u><u>o allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.91*37= $329.67

<u>Now, we can calculate the total cost and unitary cost:</u>

Total cost= 390 + 220 + 329.67= 939.67

Unitary cost= 939.67/60= $15.66

<u>Finally, the selling price for Job 400:</u>

Selling price0 939.67*1.2= $1,127.6

5 0
3 years ago
The main premise of ________ is that effective leaders choose one or more leadership styles to influence employee expectations r
NARA [144]

Answer:

Path-Goal Leadership Theory

Explanation:

Path-Goal Leadership Theory -

This theory was given by Robert House , in the year 1971 .

It refers to the type of leadership theory , where the behavior of the leader depends on the performance , motivation and satisfaction of the other employees , is referred to as the path - goal leadership theory .

It is also referred to as path–goal theory of leader effectiveness .

Hence , from the given information of the question ,

The correct answer is Path-Goal Leadership Theory .

3 0
3 years ago
By working in a series of positions with increasing responsibilities, the owner of Stonegate Gardens has built her interest in f
REY [17]
By working in a series of positions with increasing responsibilities, the owner of Stonegate Gardens has built her interest in flowers and plants into a career
3 0
3 years ago
Read 2 more answers
Kim, chris, and beth are all partners in a cosmetics firm. kim is leaving the partnership and wants to sell her shares of the bu
Goryan [66]
The answer for your question is B
3 0
3 years ago
Hawkins Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 35% in 2017, its first year of operations. During 201
Butoxors [25]

Answer:

Hawkins Inc.

For 2017, the amount of income taxes payable for Hawkins Inc. is:

= $572,600.

Explanation:

a) Data and Calculations:

2017 tax rate = 35%

Pre-tax accounting income =   $1,800,000

2018 Rent from Barrett Co.            64,000

Less:

Exempt Municipal bond income  (80,000)

Tax Depreciation (in excess of

 book depreciation)                     (40,000)

2018 Installment sales revenue (108,000)

Adjusted taxable income       $1,636,000

Income tax (35%)                        572,600 (35% of $1,636,000)

Tax expense (provision)             630,000 (35% of $1,800,000)

b) The difference between the income tax payable of $572,600 and the provision for income tax expense for the year of $630,000 is due to temporary differences and exempt Municipal bond income.  The temporary differences are caused by the different timings of the recognition of revenue and expenses under the tax jurisdiction and the GAAP accounting.

5 0
2 years ago
Other questions:
  • Which of these transactions occurring in 2011 would contribute to gdp for 2011?
    14·1 answer
  • How many total student loan borrowers owe more than $100,000?
    6·1 answer
  • Steve Walker was happy with his new personal computer. It had all the features he wanted, including a color monitor and CD-ROM,
    6·1 answer
  • What is the difference between the turbo button and the victim button
    8·1 answer
  • An investment project provides cash inflows of $1,225 per year for eight years. a. What is the project payback period if the ini
    9·1 answer
  • Which of the following is NOT a cost typically associated with owning a car?
    9·1 answer
  • Getting money to start and run a business is referred to as obtaining
    11·1 answer
  • Company Z is just starting to make a brand new product it has never made before. It has completed two units so far. The first un
    15·1 answer
  • Why do central banks play an important role in the global economy?
    14·1 answer
  • Need help pleaseeee nowwwwwwwwwwwwwwwwwwwwwww
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!