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yan [13]
3 years ago
15

Measure of Damages. Before buying a house, Dean and Donna Testa hired Ground Systems, Inc. (GSI), to inspect the sewage and wate

r disposal system. GSI reported a split system with a watertight septic tank, a wastewater tank, a distribution box, and a leach field. The Testas bought the house. Later, Dean saw that the system was not as GSI described—there was no distribution box or leach field, and there was only one tank, which was not watertight. The Testas arranged for the installation of a new system and sold the house. Assuming that GSI is liable for breach of contract, what is the measure of damages? [Testa v. Ground Systems, Inc., 206 N.J. 330, 20 A.3d 435 (App.Div. 2011)
Business
1 answer:
VashaNatasha [74]3 years ago
4 0

Answer:

Compensatory damage

Explanation:

Assuming That GSI is liable for breach of contract, The measure of damage is  :

Compensatory damage : This is the compensation to be paid by the breaching party ( GSI ) to the Non-breaching party ( D and D ) for losses they incurred in purchasing the house and also fixing up the missing components in the house. and this is because GSI falsely reported that those systems where in place before D and D purchased the house.

To determine the amount of compensation the standard measure ( <em>difference between value promised and value actually delivered by the breaching party</em> ) will be applied.

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What factors contribute to the comparative advantages of countries?
Westkost [7]

Answer:

International trade is the exchange of capital, goods, and services across international borders or territories.

Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.

International trade is the exchange of capital, goods, and services across international borders or territories. Trading-partners reap mutual gains when each nation specializes in goods for which it holds a comparative advantage and then engages in trade for other products. In other words, each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Explanation:

In economics, the production possibility frontier (PPF) is a graph that shows the combinations of two commodities that could be produced using the same total amount of the factors of production. It shows the maximum possible production level of one commodity for any production level of another, given the existing levels of the factors of production and the state of technology.

PPFs are normally drawn as extending outward around the origin, but can also be represented as a straight line. An economy that is operating on the PPF is productively efficient, meaning that it would be impossible to produce more of one good without decreasing the production of the other good. For example, if an economy that produces only guns and butter is operating on the PPF, the production of guns would need to be sacrificed in order to produce more butter. If production is efficient, the economy can choose between combinations (i.e., points) on the PPF: B if guns are of interest, C if more butter is needed, or D if an equal mix of butter and guns is required.

3 0
3 years ago
Read 2 more answers
An organization that mediates and resolves discord among members of society is what kind of organization?
Lesechka [4]

Integration orientation Organizations that help mediate and resolve discord among members of society.

Organizational integration :

IT is achieved when organizational goals are aligned between the external and internal influences. Organizational alignment promotes collaboration and teamwork across all areas of work internally within the organization. Organizational integration supports a company's resilience to external factors, such as its mission or business model, input and output, the economy, technology, political factors, social factors and stakeholders.

Why is integration important in an organization?

Integrating your business systems enables a holistic view of your customer, your data, and your organizational health. It creates a better customer experience and improves your internal workflow.

Learn more about integration organization :

brainly.com/question/13130847

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3 0
1 year ago
The capital gains yield equals _________
Arlecino [84]

Answer:

Appreciation in Investment Value = Percentage rise in value of investment

Explanation:

Capital Gain yield equals the appreciation in an investment's price. It is measured as percentage change over the original investment acquisition value.

Capital Gain Yield = Percentage (%) rise in value of an investment

= ( Rise in Value of Investment / Original Value of investment ) x 100

Eg : If a security purchased for 100 is now for 125 ;

Capital Gain Yield = (25 / 100) x 100

=  25%

7 0
3 years ago
Suppose that the rural part of a country is hit by a major earthquake
stiv31 [10]

Answer:

(a) How this episode is likely to affect the economic well-being of people in the country

In the short-run, there will be an increase in labor demanded, increasing jobs to build homes and repair the damage caused by the earthquake. In the long-run, things will begin to go back to normal.

(b) How this episode is likely to affect the economy’s measured GDP

In this case, GDP measurements will shift causing less of an input in private spending and an increase in government spending due to subsidies to increase home-building.

6 0
3 years ago
The buyers of a good will want to purchase it as long as their willingness to pay for the good is
Anna71 [15]
If it is greater than or equal to the price.
hope this helps
6 0
3 years ago
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