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
olya-2409 [2.1K]
3 years ago
8

An honest dispute develops between a homeowner and an electrician over whether wiring and circuit breakers installed by the elec

trician satisfied contractual specifications. If the wiring and circuit breakers meet those specifications, the homeowner owes the electrician $10,000 under the terms of the contract. The homeowner offers to pay the electrician $8,000 in satisfaction of the homeowner's contractual obligations, if the electrician replaces the circuit breakers with a different brand. The electrician accepts the homeowner's offer. After the electrician replaces the circuit breakers, the homeowner refuses to pay the electrician. In a breach of contract action brought by the electrician, the fact-finder determines that the wiring and circuit breakers originally installed by the electrician did satisfy the contract specifications. The fact-finder also determines that the electrician and the homeowner entered into an accord for which the homeowner failed to provide the required satisfaction. What is maximum amount that the electrician can seek in damages from the homeowner
Business
1 answer:
nikklg [1K]3 years ago
6 0

Answer:

$10,000

Explanation:

In the given scenario a honest dispute develops between a homeowner and an electrician over whether wiring and circuit breakers installed by the electrician satisfied contractual specifications.

There are two contractual agreements. One for $10,000 for the original wiring, and the second for $8,000 for a different brand of wires.

The electrician will only be able to claim either the $10,000 or the $8,000.

When the homeowner claimed he was not satisfied with the original installation the electrician should have verified the job and and claimed damages of $10,000.

On the other hand he accepted the blame and agreed to the second contract of $8,000.

So he can either stake a damage claim on the original one alone or the second contract alone.

The maximum he can claim is $10,000

You might be interested in
Which of the following is false regarding the FIFO inventory method?
puteri [66]

Answer: All of the other answer choices are true.

Explanation:

FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.

The following are true regarding the FIFO method:

• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.

• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.

• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.

Therefore, the correct option is D as all are true.

4 0
3 years ago
if inflation in the united states is higher than inflation in other countries, what will be the effect on net exports for the un
lys-0071 [83]

If inflation in the United States is higher than inflation in other countries, then US Exports decrease and US imports increase which decrease net exports.

In the world of business, inflation is defined as a rise in the cost of goods in a location or nation. The amount of money or purchasing power decreases as a result of these high prices.

If inflation in the United States is higher than inflation in other countries, the costs and prices domestically produced goods become more expensive than similar goods made in abroad.Due to higher inflation United States will buy more foreign goods so imports will increase. Exports will decrease as foreign countries spend less on purchasing goods produced in United States which will decrease the exports. As a result net exports will decrease and this results in trade deficit.

For more questions like Inflation click the link below:

brainly.com/question/28287918

#SPJ4

6 0
1 year ago
A white woman goes into an upscale shop to look at clothes. she is excited to see that there is a sale and gathers a huge pile o
kaheart [24]
The African American women is afraid that she will be racially profiled by the workers/customers in the upscale shop.
6 0
3 years ago
Blur Corp. has an expected net operating profit after taxes, EBIT(1 – T), of $7,600 million in the coming year. In addition, the
Zina [86]

Answer:

Free cash flow (FCF) for next year = $ 6,450  million

Explanation:

<em>Free cash flow represents the amount that is left to all the providers of capital after the payment of all all operating expenses, working capital and investment in fixed asset expenditures.</em>

<em>It is computed as cash flow made from operation less capital expenditures</em>

For Blur Communications

The Free cash flow

= EBIT (1-T) - increase in capital expenditure - increase in working capital

= 7600 - $1,140 - 10

= $ 6,450  million

Free cash flow (FCF) for next year = $ 6,450  million

6 0
3 years ago
Read 2 more answers
If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to
user100 [1]

I believe the correct answer to this is:

“Property Damage Liability”

 

<span>This type of coverage protects the insurer from paying out the pocket fees especially when found at guilt of the damage. Actually this does not cover damage to your own property but only kicks in when you are found to be at fault of the accident.</span>

6 0
4 years ago
Other questions:
  • Sean, age 37, sold the home he purchased three years ago and now rents an apartment. he had originally purchased his home for $8
    8·1 answer
  • Business head Brent wants to categorize items under the Challenge, Risk, and Reward headings for his IS implementation presentat
    5·1 answer
  • The possibility that the failure of one bank can hasten the failure of other banks is called the:
    15·1 answer
  • If a series of events results in a decrease in investments in the US businesses, what is the result on the US economy?
    13·1 answer
  • You purchased a machine for $ 1.19 million three years ago and have been applying​ straight-line depreciation to zero for a​ sev
    15·1 answer
  • The world price of a pound of almonds is $4.50. Before Uruguay allowed trade in almonds, the price of a pound of almonds there w
    14·1 answer
  • Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following d
    13·1 answer
  • As the newest member of the marketing department, your immediate boss asks you to comment on the company's proposal to add two n
    5·1 answer
  • Why is Feeney called a hero/saint?
    15·1 answer
  • Someone Help This Is Due today !!!!
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!