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WITCHER [35]
4 years ago
8

Commercial Construction, Inc. (CCI), contracts to build a store for Rita's Pizza Company with Rita's payment due on June 1. On J

une 1, Rita's bank is closed, and for this reason, Rita's claims it cannot pay on time. In this situation:a. CCI is in breach of contract.b. Rita's is in breach of contract.c. the contract is discharged.d. the contract is suspended
Business
2 answers:
Shalnov [3]4 years ago
8 0

Answer:

b. Rita's is in breach of contract.

Explanation:

A breach of contract can be described as an act of breaking or not honoring the terms and conditions established in a contract either intentionally or unintentionally.

From the question, Rita's is in breach of contract because it unintentionally broke the terms of paying CCI on June 1 as set out in the contract due to closing by Rita’s bank.

Though closing of Rita’s bank was not caused by Rita’s and unintentional, Rita’s will still be considered have breached the contract for not meeting the terms and conditions on June 1 when the payment to CCI was due.

So, the correct option is b. Rita's is in breach of contract.

krek1111 [17]4 years ago
6 0

Answer:

The correct option is B, Rita's is in breach of contract.

Explanation:

Breach of contract occurs when a party or parties to a legally binding and enforceable agreement refuse to discharge their duties as stipulated in the contract.

Even though Rita's inability to pay as at when due was not intentional as Rita's bank had closed, the onus is still on the company to fulfill its obligation.

It is important that both parties find an amicable way to enforce the terms of the contract or Commercial Construction ,Inc (CCI) tries recover financial damages caused to it by the breach or in an extreme situation, they settle for lawsuit.

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Vlad1618 [11]

Answer:Self employment is working for yourself. Wage employment is working for someone else.

Explanation:

Self employment is employment where you are your own boss and you do not have to run issues and concerns through another person. The money that you make is your own.

Wage employment is when you earn your money through someone elses business and you are paid either salary or by the hour (wages). You are not allowed to make decisions for the business, just take orders and fulfill them.

4 0
4 years ago
On which dates are cash dividends recorded? a. Entry field with incorrect answer b. Declaration date and the record date c. Reco
almond37 [142]

Answer:

The best answer is "E"

Declaration date and the payment date

Explanation:

Declaration date: The date the board of directors formally authorizes a dividend and announces it to stockholders.

Record date: The date when ownership of outstanding shares is determined for dividend purposes.

Payment date: The date dividend checks are mailed to stockholders.

Declaration date and the payment date are recorded for cash dividends

Declaration date, Record date, and Payment date: These are dates that are used when preparing cash div and stock dividends.

7 0
3 years ago
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If a stock is correctly priced, then you know that ____________. A. the dividend payout ratio is optimal B. the stock's required
german

Answer: the sum of the stock's expected capital gain and dividend yield is equal to the stock's required rate of return

Explanation:

Stock are the investment that are made by individuals or firms into a public company.

When a stock is correctly priced, it means that the sum of the stock's expected capital gain and dividend yield is equal to the stock's required rate of return

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Explanation: so you can save your money that is the wi way

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