When a party to a contract governed by the UCC has reasonable grounds to doubt the performance of the other party, that party may:
a. repudiate the contract.
b. consider the contract breached.
c. require assurance of performance.
d. require "cure."
c
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Making a choice between an inductive outline or a deductive outline is as important in writing an email message or memorandum as in writing a letter
Indicate whether the statement is true or false
Which of the following is considered a negative effect of sharing the risks and costs of developing a new business in a joint venture?
A. The main risk is that there is rarely an established leading company in an emerging industry. B. If one partner’s skills are more important than the other partner’s skills, the partner with more valuable skills may feel they might "give away" profits to the other party because of the 50/50 agreement. C. Partners may have different business models or time horizons which can cause conflict about how the business is run. D. There is a risk of giving away important, company-specific knowledge to its partner, which might then use it to compete with its other partner in the future. E. Conflict can sour the working relationship between the partners and cause the venture to disintegrate.
Rhodes Bakery The balance sheet taken from the company's 2020 10-K is provided below:
December 31 Assets:2020 2019 Current Assets: Cash$ 61,100 $54,000 Accounts Receivable22,500 17,500 Inventory8,500 7,000 Other Current Assets 6,500 5,500 Total Current Assets98,600 84,000 Long-term Assets: Property, Plant & Equipment, net744,900 25,000 Intangible Assets 211,250 225,000 Total Assets$1,054,750 $334,000 Liabilities and Stockholders' Equity Current Liabilities: Accounts Payable$ 5,500 $ 4,500 Interest Payable500 500 Current Portion of Long-Term Debt15,000 0 Income Tax Payable 18,500 23,000 Total Current Liabilities$ 39,500 28,000 Long-term Liabilities: Notes Payable 246,250 15,000 Total Liabilities285,750 43,000 Stockholders' Equity Common Stock60,000 35,000 Additional Paid-in Capital654,000 186,000 Retained Earnings92,500 70,000 Treasury Stock (37,500) 0 Total Stockholders' Equity 769,000 291,000 Total Liabilities and Stockholders' Equity$1,054,750 $334,000 Refer to Rhodes Bakery. Calculate the following debt management ratios for 2020 and 2019: Times Interest Earned Ratio, Long-Term Debt-to-Equity Ratio, Debt-to-Equity Ratio, Long-Term Debt-to-Assets Ratio, and Debt-to-Assets Ratio. Income from operations were $65,000 and $49,000 and interest expense was $26,000 and $1,750 for 2020 and 2019, respectively. Round your answers to two decimal places. Comment on the company's debt management. What will be an ideal response?
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. An insured can borrow from the [cash | face] value of her life insurance policy.