Files suit for breach of contract

Assignment Help Macroeconomics
Reference no: EM132428876

Wally and Eddie entered into an agreement under which Wally agreed to paint Eddie's house in exchange for $2,500, payable upon completion of the job. Before Wally started work, however, Eddie received a better offer from Arnold to paint the house. Eddie called Wally and said, "The deal is off." If Wally files suit for breach of contract, is the agreement enforceable?

Reference no: EM132428876

Questions Cloud

What is the new balance of Madison Wells, Capital : Madison Wells, Drawing has a debit balance of $2,200 and Madison Wells, Capital has a credit balance of $40,000. What is new balance of Madison Wells, Capital
What is the revised depreciation expense : On January 1, 2019, Jack decided that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2019
Calculate basic earnings per share for Swifty Pharmaceutical : For the fiscal year ended June 30, 2020, calculate the following for Swifty Pharmaceutical Industries. (a) Basic earnings per share
Analysis or application of the rule to the facts : For the question below, please state the following: analysis or application of the rule to the facts Wally and Eddie entered into an agreement under
Files suit for breach of contract : Eddie called Wally and said, "The deal is off." If Wally files suit for breach of contract, is the agreement enforceable?
Attitudes and bargaining behaviors of the participants : Do you think the attitudes and bargaining behaviors of the participants in collective bargaining negotiations are more or less important in the final outcome
Discuss how social psychology differs from other disciplines : Discuss how social psychology differs from other disciplines, such as clinical psychology, general psychology, and sociology in at least 300 words.
Compute the direct materials cost per equivalent unit : The production department had $825,945 of direct materials. Compute the direct materials cost per equivalent unit for April
Explain what that advantage is : Explain what that advantage is. What is your advantage when you trade for those goods and services you do not have an absolute advantage in?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Why there valid argument for protection in given situation

Would Krugman's results follow if this were true? Why is there a valid argument for protection in this situation from the perspective of the world as a whole?

  Essay on Environmental Economics and Sustainability

Write an essay on given Topic - Environmental Economics and Sustainability. Make sure to start with a structure. Problem tree etc

  Cost-of-living index for individuals

The price of computers has fallen substantially over the past two decades. Use this drop in price to explain why the Consumer Price Index is likely to overstate substantially the cost-of-living index for individuals who use computers intensively.

  Why does scarcity imply a choice among alternatives

Why does scarcity imply a choice among alternatives? How would decide how many hours to study so as to maximize the net benefits from your study?

  What does it mean it is like a balloon

What does it mean "it's like a balloon"? What is like a balloon? Why is it like a balloon? Explain why government regulations to restrict some activity occurring in a free market typically end up making matters worse.

  Encourage the optimal price of chocolate production

If the government of Amityville used a subsidy of $S per unit to encourage the optimal amount of chocolate production, illustrate what level should that subsidy be.

  What is the current macroeconomic situation in the us

What is the "current macroeconomic situation" in the U.S.? What fiscal policies and monetary policies would be appropriate at this time?

  Description of price and income elasticity

Using the midpoint formula, calculate the price elasticity of demand for the following problem: Calculate the income elasticity of demand using the general formula for elasticity:

  How much do pakistani wheat farmers receive for wheat

What are annual consumer expenditures on the Pakistani wheat crop? How much, in total, do Pakistani wheat farmers receive for the wheat they produce?

  Reduction in demands for goods and services

Because of a reduction in demands for goods and services production and real GDP go down. As a result many people lose their jobs. These people who lose their jobs are classified as:

  Identify the marketplace structure of the electronics

Identify the marketplace structure of the electronics retail sales industry. Discuss possibility of short-run and long-run profits in that industry.

  Government increases spending

Crowding out can be minimized, if at the same time that the government increases spending, it:

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