Evaluate the different types of damages consequential

Assignment Help Accounting Basics
Reference no: EM13864549

Please respond to the following:

--Your neighbor agrees to have landscaping work completed which would improve the value of the homes in the neighborhood. The contractor destroys your lawn and your neighbor refuses to pay for the work. He had to borrow money from the bank for this purpose.

In this instance, identify the intended, incidental, done, and creditor beneficiaries in this case. Which of these might be entitled to damages in a lawsuit?

--Analyze when the performance of a contract might be excused based upon an objective impossibility or commercial impracticability.

Upholding Contracts

Please respond to the following:

--In general, assess how stringently the terms of upholding a contract should be. In case of a lawsuit, assess how literally the court should interpret the contract.

--Evaluate the different types of damages, consequential, nominal, and liquidated, that can be awarded and how each type is assessed.

 

 

 

 

 

Reference no: EM13864549

Questions Cloud

Who are likely to be users or buyers of the product : Who are likely to be users or buyers of the product/service in the market - Write one page single space. Our product is insect powder. We are growing insects in Senegal and transport the powder to France.
Phenomena of co2 emissions : You will need to write a 1-page lab report using the scientific method centered on the known phenomena of CO2 emissions, related to the following question: Would you expect to see an increase or decrease in CO2 emission in the data over the past 40 y..
What is the market value of the option? : What is the Market Value of the Option? What is the price of the underlying stock?
Program called power that displays the positive powers : Write a program called Power that displays the positive powers of 2. When the user enters the exponent at a prompt, the program displays 2 to that power. The program halts when the user enters -1
Evaluate the different types of damages consequential : Evaluate the different types of damages, consequential, nominal, and liquidated, that can be awarded and how each type is assessed.
Start developing a list of references : Start developing a list of references that will be used in your Capstone which is the research of Walmart. Put these references in APA format. Using online resources, research Annotated Bibliographies.
Prepare journal entry to record the development cost : Early in 2016, Simons Co. began developing a new software package to be marketed. The project was completed in December 2016 at a cost of $17 million. Of this amount, $14 million was spent before technological feasibility was established. Prepare a j..
Prepare journal entry to record the revaluation of equipment : At the beginning of its 2016 fiscal year, Amershan Co. purchased equipment for $100,000. The equipment is expected to have a five-year life useful life with no residual value. At the end of the year, the company chooses to revalue the equipment. The ..
Compare the persuasiveness of the two theories : In addition, the state legislators would like to hear your assessment of which theory of punishment, utilitarian or retributivist, you find most persuasive. Compare the persuasiveness of the two theories and provide a recommendation of which theor..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compare and contrast the wacc to this basic accounting

Compare and contrast the WACC to this basic accounting equation. does the WACC contain a profit component? how does the WACC relate to the discount rate used in a net present value NPV computation, using a case where NPV equals zero to make your poin..

  Prepare the job cost sheets for each of the three jobs

in january, Reyes Tool and Dye requisitions raw material for production as follows: Job 1 $900, job 2 $ 1,200, job 3 $700, and general factory use $600.

  What are the risks for accounting systems

What are the differences between substantive tests of transactions and tests of details of balances?

  At the end of the current year kennedy co has a defined

1. at the end of the current year kennedy co. has a defined benefit obligation of pound335000 and pension plan assets

  The general manager of qantas had two concerns the companys

the general manager of qantas had two concerns the companys worsening cash position 3000 cash and no bank loan at the

  Return on investment for the division

The Division is considering purchasing equipment for $40,000 that will increase sales by an estimated $10,000, with annual amortization of $10,000. If the equipment is purchased, what will happen to the return on investment for the division?

  Cajun corporation manufactures a labor-intensive productthe

cajun corporation manufactures a labor-intensive product.the cost standards developed by cajun appear below.

  What is the increase or decrease in profits as a result of

for many years diehl company has produced a small electrical part that it uses in the production of its standard line

  A companys current net operating income is 18000 and its

a companys current net operating income is 18000 and its average operating assets are 133000. the companys required

  Victory company uses weighted-average process costing to

victory company uses weighted-average process costing to account for its production costs. direct labor is added evenly

  If bonbon corp issued a 10-year bond 5 years ago with a

if bonbon corp. issued a 10-year bond 5 years ago with a coupon rate of 13 that currently sells for 1075 what is

  Intercompany sales elimination entries

Intercompany Sales Elimination Entries With and Without Intercompany Profit"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd