Which of the following would be the type of issue to which substantial performance would apply?
A)?The builder installed the wrong color of cabinets
B)?The grading on the property is done improperly and the backyard floods
C)?The foundation was not sprayed for termites and the home becomes infested
D)?The roof is constructed with defective lumber and collapse
A
You might also like to view...
The advantages of _______ are having a greater pool of knowledge, gaining different perspectives, gaining intellectual stimulation, having a better understanding of decision rationale, and having a deeper commitment to the decision.
A. group decision making B. a deeper commitment to the decision C. the less-thought required decision D. a quicker decision E. more flexibility in the final decision
A company uses the retail inventory method and has the following information available concerning its most recent accounting period:?At CostAt RetailJanuary 1 beginning inventory$167,340$304,240Cost of goods purchased 561,8501,021,560Sales?940,400Sales returns?40,2001. Use the retail inventory method to estimate the company's year-end inventory at cost.2. A year-end physical count at retail prices yields a total inventory of $404,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail.
What will be an ideal response?
BLW Corporation is considering the terms to be set on the options it plans to issue to its executives. Which of the following actions would decrease the value of the options, other things held constant?
A. The exercise price of the option is increased. B. The life of the option is increased, i.e., the time until it expires is lengthened. C. The Federal Reserve takes actions that increase the risk-free rate. D. BLW's stock price becomes more risky (higher variance). E. BLW's stock price suddenly increases.
The UCC "perfect tender" provision provides:
a. the buyer can reject the entire shipment if any portion of the goods are nonconforming. b. the buyer must accept the goods if the defects are minor and correctable. c. the buyer may not accept the conforming part of a shipment and reject the nonconforming part. d. a buyer must reject nonconforming goods.