If General Contracting is sued by Rockville for refusing to complete the job, General Contracting can have the contract discharged on an impracticability basis.
<h3>What would make a contract impractical?</h3>
When parties to a contract agree to a contract that based on normal circumstances and due course, and one party discovers that they cannot complete the contract based on unforeseen circumstances, the contact can be ruled impractical.
General Contracting could not foresee the solid granite foundation and so they could not have known they would pay so much to complete the project. The contract can therefore be impracticable.
Find out more on impracticable contracts at brainly.com/question/10160005.
A. Age and Disability.
i think.
Answer:
$171,941
Explanation:
Cash out = $921,941. 2. Interest earned by the investment = $171,941.
Answer:
C. Subject to 30% withholding tax under the Branch Interest Withholding tax rules.
Explanation:
Options are <em>"A. No interest withholding as the interest is deemed paid by the foreign corporation, since the U.S. branch is not a U.S. corporation. B. No interest withholding tax since the recipient of the interest is a foreign corporation. C. Subject to 30% withholding tax under the Branch Interest Withholding tax rules. D. Subject to 15% withholding tax under the Branch Profits tax rules. Reset Selection"</em>
The interest payment will be subject to 30% withholding tax under the Branch Interest Withholding tax rules. Interest paid by a branch's U.S. trade or business, is considered U.S. source income and is subject to U.S. withholding tax at a rate of 30%, unless the tax is reduced or eliminated by a specific treaty or Code provision.
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