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
yan [13]
2 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]2 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.

You might be interested in
A firm has a capital structure with $7 in equity and $1 of debt. The cost of equity capital is 0.16 and the pretax cost of debt
nlexa [21]

Answer:

0.147 or 14.7%

Explanation:

Equity (E) =$7

Debt (D) = $1

Cost of equity capital (Ce) = 0.16

Pretax cost of debt (Cd) = 0.08

Tax rate (r) = 0.3

The weighted average cost of capital of the firm is given by the following relationship:

WACC=\frac{E}{E+D}*C_e +\frac{D}{E+D}*C_d*(1-r)\\WACC = \frac{7}{7+1}*0.16 +\frac{1}{7+1}*0.08*(1-0.3)\\WACC= 0.14+0.007\\WACC =0.147 = 14.7\%

The weighted average cost of capital of the firm is 0.147 or 14.7%.

5 0
3 years ago
When the government of any country restricts the sale of a particular commodity to certain groups — for example, restricting sal
Alla [95]

Answer:

qualified available

Explanation:

Qualified available Market refers to the situation when only customers with specific criteria are able to make a purchase. In most cases, those criteria revolved around age, gender, or group membership.

Alcochol is an example of qualified available market because it created a situation which only allow consumers older than 21 to make a purchase.

Other example would be Waxing salon.  Large portion of waxing salons only allow female customers to purchase their service (since the workers are also females and feel uncomfortable to give their service to male customers.)

8 0
3 years ago
Margaery is in search of a new job. She is of the opinion that the first step in making a good match between what she has to off
Basile [38]

Option B  need for altruism

8 0
3 years ago
What do u mean by book keeping why is it important?​
olchik [2.2K]

Jawaban

Bookeeping involves the recording, on a regular basis, of a company's financial transactions. ... With proper Bookkeeping, companles are able to track all information on its books to make key operating, investing, and financing decisions. Bookkepers are individuals who manage all financial data for companies.

8 0
3 years ago
Read 2 more answers
If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15
Juli2301 [7.4K]
Opportunity cost is computed as the difference between the present worth and the cost. present worth is the product of $12 and 10 hours * 15 weeks while the cost includes the tuition cost, books cost and the board cost. The cost has a total of <span>$2,000 + $400 + $4000 equal to $6400. The difference is equal to $4600</span>
4 0
3 years ago
Other questions:
  • Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
    9·1 answer
  • In three to five sentences, describe how you would create a graph.
    10·1 answer
  • Park, Inc. acquired 100% of Gravel Co.'s net assets. On the acquisition date, Gravel's accounting records reflected $50,000 of c
    15·1 answer
  • JLK is a partnership that was formed two years ago for the purpose of creating new fad items and distributing them directly to c
    10·1 answer
  • Jared told his boss, Maggie, that he is going to start training for the upcoming marathon to be healthier and to have more energ
    14·1 answer
  • Derek, a manager at an insurance firm, instructs all subordinates to fill in a daily log of their day's work. However, he finds
    12·1 answer
  • The best moment to answer the phone is
    15·1 answer
  • A company issues a 5-year, 4% coupon bond with a face value of $100,000. The effective market interest rate at the time of issua
    9·1 answer
  • A project professional has just been assigned manager of a project to develop a new advertising campaign for an established prod
    11·1 answer
  • Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2022. (Credit account t
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!