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grigory [225]
3 years ago
12

A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposa

ble foam food containers per month at 5 cents per food container for a two-year period. Per the contract, payment of $250 was due once a month. The restaurant was also responsible for paying shipping charges, which were payable on a quarterly basis. Finally, the contract stated that if any of the containers were discovered to be damaged, they could be returned for a full refund. However, the contract was silent with regard to the return of any containers that were not damaged. In the last month of its contract with the manufacturer, the restaurant decided to switch to biodegradable, recycled cardboard food containers because its take-out customers complained about the harmful effects of disposable foam products on the environment. The restaurant asked the manufacturer not to ship the final shipment, but the manufacturer refused. The restaurant had not yet made the $250 payment for the final shipment of containers, but it did owe the manufacturer delivery charges for its final quarter. The restaurant returned all of the containers to the manufacturer. In addition, the restaurant sent an envelope with cash for the final shipping charges. In the envelope, the restaurant included a brief memo stating that the cash included was for payment in full, including all food containers and shipping charges. The manufacturer's accounting department received the envelope, read the memo, and deposited the cash. The manufacturer then sued the restaurant for the final payment of $250. Which of the following legal concepts would be the strongest argument against payment of $250?
A. Novation
B. Good-faith modification
C. Estoppel
D. Accord and satisfaction
Business
1 answer:
saveliy_v [14]3 years ago
3 0

Answer:

Option B

Explanation:

Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.

Hence, option B is correct

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Suppose that an investor is considering three alternative strategies: conservative, neutral, or aggressive. If economic conditio
Elan Coil [88]

Answer:

The answer is: Following the expected value criterion the investor should choose indistinctively between the conservative or neutral alternatives.

Explanation:

The formula we use to calculate the expected return value of the different alternatives is:

            ERV = ∑ (expected return x probability of occurrence)

The conservative alternative has an expected return value of of 4.5%

ERV Conservative = (6% x 25%) + (4% x 75%) = 4.5%

The neutral alternative also has an expected return value of of 4.5%

ERV Neutral = (12% x 25%) + (4% x 75%) = 4.5%

The aggressive alternative has an expected return value of of -1%

ERV Aggressive = (20% x 25%) + (-8% x 75%) = -1%

3 0
3 years ago
N December 2, Coley Corp. acquired 1,700 shares of its $2 par value common stock for $21 each. On December 20, Coley Corp. resol
erma4kov [3.2K]

Answer:

Credit Treasury Stock $20,000

Explanation:

When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.

Cash (1,000 * 12)                                    12,000

Additional Paid in Capital                        8,000

                         Treasury Stock (1,000 * 20)               20,000

6 0
3 years ago
Fruitlicious is a fruit juice manufacturing company. The company ensures that all the raw materials are used well and minimal wa
Semmy [17]

It can be said that Fruitlicious demonstrates Efficiency

<h3><u>Explanation:</u></h3>

Efficiency correlates to the quality of your profession, which might involve building manufacturing with more limited waste, utilizing fewer resources or consuming smaller money. Improved efficiency can impede productivity and vice versa. Obtaining the correct sequence of productivity and efficiency assists you optimize your yield while reducing losses.

Added means to look at efficiency is the amount of gained hours of great quality productive product sorted by the number of work hours possible in a day. Essentially to expand manufacturing efficiency you want to create added output in the equivalent amount of time

5 0
3 years ago
Which situation would allow a country to increase the goods it imports despite spending the same amount of money?
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A situation that would allow a country to import more goods for the same amount of money is A. The exchange rate for the country's currency increased.

<h3>What happens when exchange rates increase?</h3>

When a nation's exchange rate increases, it means the country's currency is now stronger and can buy more goods.

This means that the country will be able to import more goods for the same amount of money because that amount of money is now more valuable.

Find out more on exchange rates at brainly.com/question/1366402.

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3 0
2 years ago
Suppose that when the price of a good is $15, the quantity demanded is 40 units, and when the price falls to $6, the quantity in
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Answer:

(A) -5/6

Explanation:

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Price elasticity of demand = 50% ÷ -60% = -5/6

8 0
3 years ago
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