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
Kruka [31]
2 years ago
11

The painter contracts to paint the exterior of the home for $1,750 plus the cost of paint and any other necessary materials. Abo

ut three-fourths of the way through the job, the contractor breaks his leg and can't finish. The owner offers to pay the contract price less deductions for the cost of having the job completed by another painter, and the original painter accepts the offer. The contract has been discharged under the principle of
Business
1 answer:
yawa3891 [41]2 years ago
8 0

Answer:

substantial performance.

Explanation:

From the question we are informed about painter which contracts to paint the exterior of the home for $1,750 plus the cost of paint and any other necessary materials. About three-fourths of the way through the job, the contractor breaks his leg and can't finish. The owner offers to pay the contract price less deductions for the cost of having the job completed by another painter, and the original painter accepts the offer. In this case, the contract has been discharged under the principle of substantial performance.

Substantial performance can be regarded as a term that is been

used as regards contract law, it is a principle that can be explained as

degree of performance of a contract that is not regarded as complete or full performance, but regarded as nearly equivalent which will be considered to be unfair if the contractor is denied the agreed payment in the contract.

You might be interested in
A new machine for harvesting corn will allow rows to be planted only fifteen inches apart, instead of the usual thirty inches. C
Alik [6]

Answer: Option D

Explanation:The optimal spacing for corn seed plant seeds 1.5 to 2 inches deep and 4 to 6 inches apart and rows spacing should be 30 to 36 inches apart. From the above case, the rows spacing is reduced by half which will increase the number of corn plant per acre which would lead to overall more profit from more yield.

Therefore the most appropriate answer to the space given above is option D.

5 0
3 years ago
Consider the following two countries. Assume they produce only these two goods. Note that productivity is now measured in how ma
Ainat [17]

Answer:

A. 1/3 computers

B. 0.6 computers

Explanation:

A. The opportunity cost incurred by the US to make cars is the number of computers it would have to give up to make a car.

The US can either make 12 cars or 4 computers. For every car made therefore the US forgoes;

= 4/12

= 1/3 computers.

B. The same logic applies to Japan. They can either make 10 cars or 6 computers.

Their opportunity cost for cars is therefore;

= 6/10

= 0.6 computers

5 0
3 years ago
True or false?columbus's return voyage took longer than his outward voyage
zaharov [31]
That is false, he took a lot more time trying to find India and instead found America
7 0
2 years ago
Read 2 more answers
If a positive externality in consumption is present in a market, then
larisa [96]
Positive externality is a benefit that is enjoyed by a third party as a result of business transaction. Third parties include any individual, property owner or an organisation or a resource that is indirectly affected. If a positive externality in consumption is present in a market, then the private benefit from a consumption will be different than the social benefit from consumption.
8 0
2 years ago
When we are doing the double entry for the closing inventory, why do we credit the inventory? I understand why we debit the clos
anastassius [24]

Answer:

Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.

Explanation:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

3 0
2 years ago
Other questions:
  • Marigold Corp. had 302000 shares of common stock issued and outstanding at December 31, 2017. No common stock was issued during
    7·1 answer
  • Sailmaster makes high-performance sails for competitive windsurfers. below is information about the inputs and outputs for one m
    8·1 answer
  • Clark had no stock transactions in 2018​, so the change in​ stockholders' equity for 2018 was due to net income and dividends. I
    12·1 answer
  • If a Phillips curve shows that unemployment is high and inflation is low in the economy, then that economy:
    10·1 answer
  • In order to obtain a job you may have to go through the typical sequence of interviews, which includes
    14·1 answer
  • In what ways are consumer preferences changing in Ford’s different market segments and geographies? Are consumers able to articu
    5·1 answer
  • Explain the governance of internet​
    14·2 answers
  • The ability to continue after a disaster of some kind is a requirement of Security Rule. What item is considered part of the con
    8·1 answer
  • Determine how each event affects the position of the long-run aggregate supply (LRAS) curve.
    6·1 answer
  • Selected financial data regarding current assets and current liabilities for Queen’s Line, a competitor in the cruise line indus
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!