Sof' Chair Company contracts to deliver 100 chairs to Stuffy Furnishings Store on May 1 for which Stuffy agrees to pay. Sof' tells Stuffy on April 15 that delivery will be delayed until June 1. Stuffy may
A)?await performance, sue Sof', or suspend its own performance
B)?only await Sof's performance for a commercially reasonable time.
C)?only sue Sof' for breach of contract.
D)?only suspend its own performance.
A
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The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the year were destroyed. The following accounting data for the year were recovered:
The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.)
A) $35.09
B) $1.86
C) $29.58
D) $62.71
The first step in the creative selling process is ________
A) preapproach B) prospect and qualify C) approach D) handle objections E) sales presentation
The following information is for Gable, Inc. and Harlowe, Inc. for the recent year. Gable,Inc.Harlowe,Inc.Sales $800,000 $800,000 Variable costs 400,000 200,000 Contribution margin 400,000 600,000 Fixed costs 200,000 400,000 Income from operations $200,000 $200,000 Based on the above data, which company has a higher operating leverage?
A. Operating leverage is the same for both companies B. Harlowe, Inc. C. Gable, Inc. D. Cannot be determined
Sandy, Ramon, and Bonnie were partners. Sandy dissociated from the partnership. Bonnie and Ramon decided to continue the business. When Sandy dissociated, there was a $50,000 debt owed to Great State Bank. Which statement is correct?
A. Sandy remains liable on the $50,000 debt owed to Great State Bank. B. Only Ramon and Bonnie are liable for the $50,000 debt owed to Great State Bank. C. The debt is extinguished as a result of the dissociation. D. Whether Sandy remains liable depends on whether she filed a statement of dissociation.