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Natalka [10]
3 years ago
10

RV Company agrees to buy a certain quantity of vintage campers from Sales Inc. Their contract limits consequential damages for l

ost profits resulting from the use of the goods. This limit is not necessarily unconscionable because
Business
1 answer:
Aleks [24]3 years ago
4 0

Answer:

consequential damages cover only reasonable foreseeable losses.

Explanation:

  • The contract limits the resulting loss to lost profits from the use of the goods. The limit is not necessarily unconscious because lost profits are not necessarily significant and can be considered as direct or indirect losses.
  • the contract may apply to both the lease and the sale and excluding some from the contract simply because it is a commercial loss makes no sense.
  • so limit is not necessarily unconscionable because consequential damages cover only reasonable foreseeable losses.

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Shelley wants to cash in her winning lottery ticket. She can either receive sixteen $100,000 semiannual payments starting today,
Arte-miy333 [17]

Answer:

$1,256,000

Explanation:

Data provided in the question:

Number of semiannual payments received = 16

Amount of each payment = $100,000

Annual interest rate = 6%

Thus,

Semiannual interest rate = \frac{6\%}{2} = 3% = 0.03

Now,

Payment = Amount × \frac{(1-(1+i)^{-n})}{i}

or

Payment = $100,000 × \frac{(1-(1+0.03)^{-16})}{0.03}

Payment = $100,000 × 12.56

or

Payment = $1,256,000

5 0
3 years ago
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irinina [24]

Answer:

Choosing alternative B would increase net income by $17,100

Explanation:

The analysis showing the incremental revenues,costs and net income of alternative A and B is shown below:

              Alternative A           Alternative   B     Difference between A&B

Revenues        $146,100            $185,900           $39800

Costs               ($104,400)           ($127,100)        ($22700 )

Net income      $41,700                 $58,800        $17,100

Alternative B records a higher net income compared to Alternative A,hence choosing alternative B would increase net income by $17,100

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4 0
3 years ago
Five days after signing a contract to purchase a new timeshare in North Carolina, the buyer cancels the timeshare contract. Acco
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Under north Carolina's laws, the developer must refund the buyer's money within a 30 day period since the purchase date. North Carolina law also sets a deadline of 5 calendar days to cancel a timeshare contract, so this buyer barely made it on time. A buyer cannot waive his right to cancellation, even if the option is not included in the contract.

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