Pavers Inc. contracts to buy some heavy equipment from Earthmovers, Inc. Before either party performs, Earthmovers sells its assets to Excavation Corporation. On learning of the sale, Pavers is concerned about its contract with Earthmovers. Pavers should
A. demand assurances of performance from the seller.
B. consider the contract repudiated and sue the seller for breach.
C. buy the equipment from a different firm and bill the seller for the price.
D. buy the equipment from a different firm and bill Excavation for the price.
Answer: A
You might also like to view...
Answer the following statements true (T) or false (F)
1. In general, one long meeting is preferable to several shorter meetings. 2. When using text messages for important workplace communications, use abbreviations and emojis to streamline the communication. 3. Generally people retain about 75 percent of what they hear. 4. An audience can typically remember about 10 points from a speech.
Falkner Company is designing a portable DVD player aimed at families traveling with young children. The company believes that the product can be sold for $140; and it requires a 20% profit on new products. What is the target cost of the portable DVD player?
A) $140 B) $28 C) $175 D) $112 E) $168
Tangerine Inc. is evaluating a capital project for investment. The initial cash outflow in Year 0 is $1,500 followed by cash inflow of $500 each year for four years. Which of the following is the terminal value of the project? Assume the required rate of return is 12%. (Round off the answer to two decimal places.)
A. $3,336.78 B. $2,486.23 C. $2,389.66 D. $1,889.45 E. $1,626.57
A provision in a disability income insurance policy that requires a person to be disabled for 60 days before receiving benefits is an example of a(n)
A) calendar year deductible. B) grace period. C) elimination period. D) probationary period.