Phil, a tax accountant, promises to do Marge's individual federal, state, local, and gift taxes for the year. He completes all but the gift taxes. Under the substantial performance doctrine, Marge will:
A) not have to pay Phil.
B) not have to accept the work.
C) have to pay Phil for all but the gift taxes.
D) have to pay Phil the contract price.
C
You might also like to view...
Vertical coordination can facilitate stronger customer-seller ties but at the same time may increase the risk to the customer's and supplier's specific investments. What are specific investments and why are they risky?
What will be an ideal response?
What type of labor situation may pose ethical issues to US firms?
a. Child labor b. Prison labor c. Unsafe labor conditions d. All of the above
Discuss the challenge of cynicism and what it means to followership.
What will be an ideal response?
Even if the semi-strong version of the efficient market hypothesis is true, it might be possible to earn extraordinary returns from private information not available to other investors
Indicate whether the statement is true or false.