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Anton [14]
2 years ago
8

A client sells stock in a regular way trade in a listed stock on Friday. The client knows that settlement takes place in 2 days

and asks the representative if the funds will show in his account on Sunday. The representative should tell the client that the settlement date when the proceeds will be reflected in the account will be:
A. that Saturday
B. the Monday following that Sunday
C. the Tuesday following that Sunday
D. the Wednesday following that Sunday
Business
1 answer:
sasho [114]2 years ago
7 0

Answer:

C. the Tuesday following that Sunday is the correct answer.

Explanation:

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Floors n’ More, Inc., hires Gordon to renovate Floors n’ Mores showroom. Gordon submits plans that Floors n’ More approves. Gord
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Answer:

Yes Gordon can sue Floors n' Mores for the settlement of the contract keeping in mind that Gordon has made partial completion of the contract. Full payment would be determined based on the completion of the total work in line withe the plans submitted when the contract was signed

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In order to understand the scenario in case if Gordon wants to sue Floors n Mores they can only be compensated for the amount of project completion in line to the expectations that matches to Floors n More.

For Example if 75% of the work is in line with the expectation of Floors N More then Gordon should be paid total amount payable multiply by 75%.

Usually in such cases if the contract is fulfilled to certain extent it is preferred to close the contract based on the %age of completion because major reconstruction, buying of fixtures and furniture was executed. Hence major risks and rewards were transferred to Floors n Mores.  

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