Powder Room Mess. For $300,000, Willis agrees to build a new home for Robert, who is very picky. Willis builds the home to Robert's specifications with one exception. The faucets and linoleum flooring in an upstairs powder room are not exactly what Robert specified. That was a mistake on Willis's part, but he had not intentionally failed to follow specifications. When Robert sees the powder room, he goes ballistic and tells Willis that he will not pay Willis anything for the house. It will take $300 to put in correct faucets and linoleum. Willis says that he is willing to pay $300 to put Robert in the position he would have been in had the correct faucets and linoleum been used, but that is all he is willing to pay. Which of the following is true regarding whether Willis breached the contract?1) Willis did not breach the contract.
2) Willis materially breached the contract.
3) Willis substantially breached the contract.
4) Willis breached the contract, but the breach was not material.
5) Willis committed an anticipatory breach of the contract.

Answers

Answer 1

Answer:

Answer:

4) Willis breached the contract, but the breach was not material.

Explanation:

Willis made a mistake when he was installing the floor and faucets in the powder room. But the mistake was not substantial, if you consider that the contract for building the house was worth $300,000 and it costs only $3000 to fix the mistake (that is only a 0.1%).

Under the substantial performance doctrine, we can consider that Willis performed his part of the contract and Robert must pay him for building the house. Substantial performance refers to a situation where a contact is not 100% complete, but almost 100% complete. In this case the contract is 99.9% complete, so Robert cannot use the powder room as an excuse to not pay Willis for his work.

Related Questions

When a business grows through unrelated diversification, acquiring companies in different industries, it is called __________. a. a conglomeration. b. a strategy. c. the planning process. d. a competitive advantage.
A family's ability to bounce back from a crisis like homelessness home and this is an example of parental resilience reduced child abuse and neglect determination or none above
The face value of a promissory note is a. the discounted value of the note. b. the amount for which the note is written plus the interest due to the maturity date. c. the amount for which the note is written. d. its realizable value.
A group that sponsors bike helmet poster contests for children to promote bicycle safety is providing which of the following marketing offerings? Services Goods Ideas Innovations Promotions
If the U.S. dollar depreciates, _____. the demand for goods produced in the United States would go down the U.S. dollar would become stronger the demand for goods produced in the United States would go up U.S. exports would fall

Why must old currency be taken out of circulation When new currency is made?

Answers

If there are too many units of any currency in circulation, this will cause an over-abundance of currency which will lead to inflation where value is lost. Retaining old currency will lead to confusion, so it's important that when a new currency is introduced a deadline is imposed on when an old currency must be used or exchanged by.

Answer:

C Too much currency in an economic system will cause inflation

Clark co-signs student loans for William to attend a public, four-year university. Which of the following statements is correct?Select the best answer from the choices provided.
William's loan is a private loan.
Clark will not be liable for the loan if William defaults.
Clark will not be liable for interest on the loan if William defaults.
William's loan is a subsidized loan.

Answers

I think the answer would be that William's loan is a subsideized loan.

Financial Ratios help to identify some of the financial strengths and weaknesses of a company. What are two ways that the ratios provide for making meaningful comparisons of a firm's financial data?a. Smoothing out differences when comparing firms that use different accounting practices and restating accounting data in relative terms.b. Identifying year over year changes in balance sheet and income statement items.c. Examining ratios across time to identify trends and comparing the firm's ratios with those of other firms.d. Determining how long it takes to collect the firm's receivables and how long it takes to pay it accounts payables.

Answers

Answer:

c. Examining ratios across time to identify trends and comparing the firm's ratios with those of other firms.

Explanation:

The financial ratios represent the financial position, performance, position of the business organization. Plus it also identifies strengths and weaknesses.

The financial ratios comprise of current ratio, quick ratio, debt to equity ratio, net profit margin, etc

These ratios help to identify the trends by comparing the ratios between two firms so that proper analyses could be made

The top executives of Willow Inc., a furniture company, have decided what markets to compete in. Willow Inc. now has to adopt a set of organizational processes that enables it to effectively carry out these decisions. In order to translate these decisions into organizational action in a successful manner, the functional activities of the company are being measured for their efficacy to support organizational decisions. Which of the following does this scenario best illustrate?

Answers

Answer:

strategy implementation

Explanation:

Based on the information provided within the question it can be said that this scenario best illustrates a strategy implementation. This term refers to all of the plans and activities that a company/organization puts into action in order to successfully reach the desired goals that they have in place. Which is what Willow Inc. is doing by adopting a set of organizational processes that enable them to effectively carry out the necessary decisions.

Answer:

Strategy implementation

Explanation:

The top executives of Willow Inc., a furniture company, have decided what markets to compete in. Willow Inc. now has to adopt a set of organizational processes that enables it to effectively carry out these decisions. In order to translate these decisions into organizational action in a successful manner, the functional activities of the company are being measured for their efficacy to support organizational decisions. Therefore, strategy implementation best illustrate the scenerio.

Adams is selling his property to Katter for $94,000, and Katter is assuming an existing mortgage at 4-1/2% interest per annum with the unpaid balance of $9,200. Mortgage payments are due the first of each month and include interest up to but NOT including the day of payment. The last payment was made March 1, and settlement is to be March 26. Compute the interest proration that will be credited to the buyer using a 365-day year, and holding the buyer responsible for the day of closing.

Answers

Answer:

$69.53

Explanation:

loan's balance = $94,000

interest expense per year = $94,000 x 4.5% = $4,230

interest expense per day = $4,230 / 365 = $11.5890411

the seller is responsible for 25 days of interest = 25 x $11.5890411 = $289.73

the buyer is responsible for 6 days of interest = 6 x $11.5890411 = $69.53

When should you write a functional (skills) résumé? a. When you work history does not have obvious gaps.
b. When you are making a career change.
c. When your most recent job is similar to the one you are applying to.
d. When you are applying to a very traditional company.

Answers

It is b) when you are making a career change.

just took the test hope this helps you

The option b is correct.

A functional resume is written when you are making a career change.

Further explanation:

Functional Resume: This kind of resume contains information regarding the skills and experience of the person. It does not contain work history in chronological order. It is used by individuals:

• Those people who are making a change in their career profile

• Those people whose employment history have gaps

• Those who are applying for the new job and their previous work experience is not related to the new job.

Justification for the correct and incorrect answer:

When you work, history does not have obvious gaps: This option is incorrect.

The functional resume is used when there are gaps in employment history. The gaps can be due to medical reasons or personal factors.

When you are making a career change: This option is correct.

The resume contains information regarding the skills and experience of the person. So, when the person is making a career change, a functional resume is required.

When your most recent job is similar to the one, you are applying to: This option is incorrect.

If the person is applying for a similar job, then the functional resume is not required, the traditional resume can be used.

When you are applying to a very traditional company: This option is incorrect.

The traditional company does not require a functional resume because they appreciate the resume containing all employment details in chronological order.

Learn more:

1. Stages of resume review

brainly.com/question/1100786

2. Cover letter and resume

brainly.com/question/1235978

3. Electronic submission of resume

brainly.com/question/1902503

Answer details:

Grade: High School

Subject: Business

Chapter: Human resource management

Keywords: When should you write a functional (skills) resume, When you work history does not have obvious gaps, When you are making a career change When your most recent job is similar to the one you are applying to, When you are applying to a very traditional company.

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