AB Developers signs a contract with CL Corp, agreeing to build a $20 million office for the corporation. The construction contract was substantially performed. There were, however, a few minor breaches of the contract by AB Developers that made CL Corp incur damages worth $10,000. Which of the following is most likely to be true in this scenario??
A) Since there was a breach of contract, CL
Corp. may not pay any compensation to AB Developers.
B) CL Corp. needs to pay the full price under the contract since the work was substantially performed.
C) CL Corp. needs to pay the full price under the contract less the damages suffered by it.
D) AB Developers needs to pay nominal damages to CL Corp. for breach of contract.
C
You might also like to view...
Tyson Construction Inc Use the information provided for Tyson Construction Inc to answer the following question(s) using the effective interest method. On January 2, 2012, Tyson Construction Inc issued $1,000,000, 10-year bonds for $1,135,915. The bonds pay interest on June 30 and December 31. The stated rate is 10% and the market rate is 8%. Refer to the information provided for Tyson
Construction Inc What is the carrying value of the bonds after the first interest payment is made on June 30, 2012? A) $1,135,915.00 B) $1,131,351.60 C) $1,140,478.40 D) $1,000,000.00
Choose the correct verb in parentheses. Who (lead, led) the first expedition to the Pacific Coast?
Describe coding in relation to analysis and design
What will be an ideal response?
The Spearman rank-correlation coefficient for 20 pairs of data when ?di2 = 50 is
a. 0.0063 b. 0.0376 c. 0.9624 d. 0.9937