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Elden [556K]
3 years ago
15

As a general construction contractor, WDF INC. contracted to renovate schools in New York City. WDF subcontracted with JLG Archi

tectural Products, LLC to supply windows for the renovation. Under the subcontract, a company called East Coast Window Installers Inc. was designated to install the windows for the project. The subcontract provided that JLG Architectural Products and East Coast Window Installers would perform and complete the subcontract work together. The subcontract also specifically acknowledged that JLG Architectural Products proposed the work in partnership with East Coat Window Installers. After completion of the project, a dispute over payment and the quality of workmanship arose between the parties. WDT claimed that JLG Architectural Products and East Coast Window Installers should be jointly and severally liable for any liability found against either party, because the two were partners in the window installation project. Was WDF correct
Business
1 answer:
kykrilka [37]3 years ago
5 0

Answer:

WDF Inc. is correct.  From the fact that JLG Architectural Products and East Coast Window Installers Inc. were partners in the window installation subcontract, they should be jointly and severally held liable for any liability arising from the window installation project unless they have contrary agreements clearly differentiating their liabilities in the partnership.

Explanation:

WDF Inc. = main contractor

JLG Architectural Products = subcontractor and partner to East Coast

East Coast Window Installers Inc. = subcontractor and partner to JLG

JLG Architectural Products and East Coast Window Installers Inc have formed a partnership when they come together to form a business or execute a business transaction jointly.  A joint venture is a kind of partnership.

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Economists say that making choices involves comparing​
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Answer:

Marginal benefits and marginal costs.

Explanation:

5 0
3 years ago
If the government wants to expand aggregate demand, it can ________ government purchases or ________ taxes.
Jobisdone [24]

If the government wants to expand aggregate demand, it can "rebate" government purchases or "cut" taxes.

<h3>What is aggregate demand?</h3>

The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand.

Some characteristics of aggregate demand are-

  • The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.
  • The correlation between output and all prices can be seen on an aggregate demand curve.
  • In the end, the aggregate demand curve slopes downward because it predicts a fall in real gross domestic product (GDP) as prices rise.
  • Consumer spending, investment spending, government spending, and the difference between exports and imports are all added together to determine aggregate demand.
  • When one of these variables changes but the overall supply stays unchanged, aggregate demand will alter.

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3 0
1 year ago
The gross requirements of a given component part are determined from ______________________.
il63 [147K]

Answer: The correct answer is "c) planned orders of the parent".

Explanation: The gross requirements of a given component part are determined from <u>planned orders of the parent</u>

Without the release of planned orders from immediate parents, the gross requirements of a given component part could not be determined.

5 0
3 years ago
Q 2.16: according to the historical cost principle, if an asset costs $50,000 when it was purchased, it would be recorded at its
liq [111]
According to the historical cost principle, if an asset costs $50,000 when it was purchased, and the one who purchased it still owns the asset today, it will have a higher value than $50,000. If the interest rate is assumed to be 5% for 5 years, the asset will be recorded as $63,814.08.
4 0
3 years ago
By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement
sweet-ann [11.9K]

The correct option is C) Washington, D.C.

By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following except "Washington, D.C".

<h3>What is foreclosure rate?</h3>

The process of foreclosure starts when a borrower is unable to make their mortgage payments. When a mortgage is foreclosed, the lender normally seizes the property and makes an effort to sell it. This occurs when real estate is utilised as security for mortgage loans, making your house a form of security.

The given are the ways to avoid Foreclosure-

  • Ask For Forbearance: As you may remember, forbearance enables borrowers to temporarily suspend mortgage payments while they recover their savings, boost their income, or pay down debt in the wake of financial troubles.
  • Apply For A Refinance: Refinancing into a more manageable payment can prevent you from going into default on the loan if you're worried about going through with a foreclosure. This regrettably isn't a possibility for everyone since it can only really be done if you haven't missed a payment.
  • Ask For A Mortgage Reinstatement: If you experienced temporary financial issues that have subsequently disappeared, speak with your servicer to learn about your alternatives.
  • Apply For A Short Sale: Selling your house for less than what is owed on the mortgage is known as a short sale. This requires the lender's approval, and all of the sale's proceeds will go to the lender.

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The complete question is -

By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following EXCEPT

A) Los Angeles.

B) Miami.

C) Washington, D.C.

D) Atlanta.

Washington, D.C.

6 0
1 year ago
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