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daser333 [38]
3 years ago
9

Sally wanted to replace the old carpet in her home. She entered into a contract with Good Carpet Co. (GCC) for the purchase and

installation of a new carpet. The price of the carpet was $3,000 and the cost of the labor to install the carpet was $150. Later Sally became dissatisfied with this transaction and wants to sue GCC. Sally wants to apply the contract rules of the UCC, but GCC wants to apply the contract rules of the common law. Which source of law should govern this case
Business
1 answer:
lilavasa [31]3 years ago
7 0

Answer:

The correct option is B. The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering it as follows:

A. The contract rules of the UCC apply, because the contract included the sale of goods.

B. The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

C. The contract rules of the common law apply, because the contract included services, which are governed by the common law.

D. The contract rules of the common law apply, because all contracts are governed by the common law.

The explanation of the answers is now provided as follows:

The contract between Sally and GCC majorly has to do with sales of carpet. Therefore, the contract does not involve service supply, which is installation in this case, as a major component.

Another thing is that the intention of Sally was to sue GCC for the services they provided rather than the product, i.e. carpet, they sell.

Therefore, the correct option is B. The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

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Answer: You decide to go to college probably because<em><u>"You value a year of college at more than $56,000"</u></em>

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So, you will attend college if you perceive value of attending college more than  ($22,000 + $34,000)= $56,000

3 0
3 years ago
You sell hockey goals for $200 each. weekly sales are 60 units. you estimate that for every $10 you increase the price, sales dr
wariber [46]
If for every $10 increase sales drop by 3 units when you increase to $300 you will lose 30 units. 

($10)(10) = 100
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60 units - 30 units = 30 units. 
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3 years ago
Williams Company plans to issue bonds with a face value of $600,000 and a coupon rate of 8 percent. The bonds will mature in 10
gulaghasi [49]

Answer:

Decide the issuance of cost of the bonds:  

The issuance cost of bonds is the sum the obliged substance raised through the issue of legally binding proclamation called bonds. The cost of securities relies on the assumed worth, time frame, the coupon rate and the market rate.  

Coming up next are three general standards regarding bonds issue cost:  

  1. On the off chance that the coupon pace of the security is equivalent to the market loan fee, at that point the security is said to be given at standard.  
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  3. On the off chance that the coupon pace of the security is lower than the market loan cost, at that point the security is said to be given at rebate.  

In the current case, both the coupon rate and the market premium are 8% and are equivalent. Thus, the issue cost of bonds is equivalent to the standard worth. That is $600,000.

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