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Gre4nikov [31]
3 years ago
5

Meatpackers, Inc., enters into a contract with Nevada Ranch for the delivery of a certain number of beef cattle on a set schedul

e. The ranch delays the first delivery for five days, aware that Meatpackers loses a certain percentage of profit each day. An award to Meatpackers of consequential damages would
Business
2 answers:
frez [133]3 years ago
6 0

Answer:

Provide the buyer with funds for a foreseeable loss beyond the contract

Explanation:

Consequential damages in contracts is different from incidental or actual damages because it causes a loss that impacts the business of the other party beyond the contract horizon, when the opposite party fails to fulfill his side of the contractual obligations.

In the scenario, Nevada's failure to deliver within agreed contractual timing is not just delaying the time of Meatpackers but as a consequence, is also causing them loss in money terms which will impact their business beyond the contract horizon.

Hence an award of consequential damages to Meatpackers will provide the buyer with funds for a foreseeable loss beyond the contract.

Katyanochek1 [597]3 years ago
6 0

Question Options:

a. ​establish, as a matter of principle, that the seller acted wrongfully.

b. ​punish the seller and deter others from similar acts.

c. ​provide the buyer with funds for a foreseeable loss beyond the contract.

d. ​provide the buyer with funds for its loss of the bargain.

Answer: An award to Meatpackers of consequential damages would provide Meatpackerswith funds for a foreseeable loss beyond the contract.

Meatpackers loses a certain percentage of profit each day as a result of the delay. The ideal thing to do is provide Meatpackers with an award for consequential damages which in turn would provide Meatpackerswith funds for a foreseeable loss beyond the contract.

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Under a periodic inventory system: ______.a. the current inventory available for sale is always known. b. the merchandise invent
cupoosta [38]

Answer:

C) the merchandise inventory balance reflects the ending inventory.

Explanation:

When a company uses the periodic inventory system, inventory records are updated only at the end of each accounting period. The periodic inventory system records cost of goods sold (COGS) at the end of the accounting period after the inventory records have been updated.

6 0
3 years ago
A country in which most economic decisions are made by individuals or private companies has a system that falls in the main cate
astraxan [27]

Answer: Market Economy

Explanation:

A country in which the economic decisions are majorly controlled by individuals or private companies is a market economy.

A market economy is an economic system where there is very little government interference which is in the form of regulations, the economy is controlled mainly by private individuals and production is determined by the forces of demand and supply.

4 0
3 years ago
What is not a potential risk of purchasing a used car?a) used cars can require repairs soonerb) warranties can be very limitedc)
Oksi-84 [34.3K]

used cars can require repairs sooner warranties can be very limited used cars can have lower initial cost unexpected issues may arise

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4 0
3 years ago
True or false: most riders cannot tell the difference between low-risk behavior and high-risk behavior.
EleoNora [17]

The given statement that most riders cannot tell the difference between low-risk behavior and high-risk behavior is FALSE.

<h3>What is high-risk behavior.?</h3>

This refers to the type of behavior that a person engages in that could lead to severe consequences.

Hence, we can see that The given statement that most riders cannot tell the difference between low-risk behavior and high-risk behavior is FALSE and this is because they know when they put themselves in danger and when they are following protocols and guidelines about safety.

Read more about high-risk behavior here:

brainly.com/question/3711204

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4 0
2 years ago
When a company needs funds to finance the expansion of its operations, which of the following is not an advantage of issuing bon
rosijanka [135]

Answer:

The dates for the interest and maturity payments are fixed.

Explanation:

When a company issues bonds instead of stock, one of the disadvantages of doing so is that they have to pay the coupons or the full face value of the bonds at specific dates. Either they pay coupons annually or semiannually,  and the face value is paid at maturity.

Since the dates are set beforehand, the company has to have the funds for these payments set aside. Instead, if the company would have issued stock, it would have greater freedom in deciding when and how much it should pay as dividends.

7 0
3 years ago
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