Demanding damages for breach of contract

Assignment Help Business Economics
Reference no: EM131003267

Andrew appoints Matthew to be his agent for a period of 2 years. After 6 months, Andrew meets with an accident after which he permanently losses his capacity to understand things going on around him. This terminates the contract automatically. But Matthew is demanding damages for breach of contract. Is Andrew liable to pay damages?

Reference no: EM131003267

Questions Cloud

What are the credit risks faced by retail banking : How does your bank assess credit risks and does your bank have an effective plan for managing and mitigating these risks? Explain.
The income statement of mid south logistics includes : The income statement of Mid-South Logistics includes $12 million for vested past service cost. Does Mid-South Logistics prepare its financial statements according to U.S. GAAP or IFRS? Explain.
Provides funding for identical loan to different individual : Prosper is a website that allows people to solicit loans from other individuals. The lenders can view information about the borrower and the type of loan being solicited. List and explain two ways in which a lender on Prosper differ from a person wit..
What is the annual equivalent of her deposits : Helen can earn 3% interest in her savings account. Her daughter Roberta is 11 years old today. Helen deposits $4000 today, and one year from now she deposits $1000. Each year she increases her deposit by $500 until she makes her last deposit on Rober..
Demanding damages for breach of contract : Andrew appoints Matthew to be his agent for a period of 2 years. After 6 months, Andrew meets with an accident after which he permanently losses his capacity to understand things going on around him. This terminates the contract automatically. But Ma..
About the express agreement : Ginny is an agent of Vroom! Motors, and is designated to sell and deliver antique cars. She spends her own money to call clients, visit them and finalize the deals. There is no express agreement between Ginny and Vroom! Discuss the situation.
How do u s gaap and ifrs differ with regard to accounting : How do U.S. GAAP and IFRS differ with regard to accounting for the impairment of fixed assets held for use?
Find corresponding stall speeds for your selected aircraft : Find the corresponding Stall Speeds for 2G, 3G, 4G, and so on for your selected aircraft (up to the positive load limit from 4. above), using the relationship of Eq. 14.5. You can use the table below to track your results.
Design a plan that addresses the need for goal setting : Describe options for presenting feedback to the organization, and select the process that you would recommend for offering feedback on your diagnosis.

Reviews

Write a Review

Business Economics Questions & Answers

  What discount rate would environmental groups argue

Suppose an environmental regulation costs $400,000 today (one time payment) and would save $1 million worth of health costs 20 years from now. a) Would you recommend the program at a discount rate of 0%? 2%? 10%? b) Which discount rate would industry..

  Explain how would the competitive balance in the american

Explain how would the competitive balance in the American and National Leagues change if baseball owners forced the Yankees to move to Albuquerque, New Mexico.

  Expanding its facility and needs to add equipment

Acme Semiconductoris expanding its facility and needs to add equipment. There are three process tools under consideration. You have been asked to perform an economic analysis to select the most appropriate tool to acquire. You have gathered the follo..

  Perfectly competitive and is in long-run equilibrium

If a market is perfectly competitive and is in long-run equilibrium, which of the following conditions does not hold?

  Represent the demand for some service inside the firm

The following demand and marginal cost equations represent the demand for some service inside the firm. At what price should the service be sold? Would it matter whether there was an external market for this service? The demand function P = 30−2Q. Th..

  Statement of cash flows

ABC Company acquired some land (independently appraised at $12,000) and paid for it by issuing 1,000 shares of its common stock (par $10 per share; no market price was quoted). How should this transaction be reported on the Statement of Cash Flows (S..

  Two public policies

Indicate two public policies that would be appropriate for addressing this situation. Explain their impact on your graph.

  Q answer the following question using the keynesian model

q. answer the following question using the keynesian model of a closed economy. suppose the federal government would

  Fiscal policy makers cannot manage balancing the budget

It is obvious that US fiscal policy makers cannot manage balancing the budget every year, As an alternative, Balancing the budget over the business cycle requires

  Open market operations with a greatly expanded program

Between February 2008 and Summer 2009 the Fed supplemented its open market operations with a greatly expanded program of direct lending (both overnight and short term 28 and 84 day loans) to commercial banks, investment banks, brokerage and primary d..

  Utility for income and leisure

Let Y represent income and L represent hours of leisure. Mike's utility for income and leisure is U(Y,L) = Y x L so that marginal utility of leisure = Y and the marginal utility of income = L. Total hours available for leisure and work in any given w..

  What is the variance of the profit of the company

The revenue (X) from the sales of a company has an expected value of $7,403, with a standard deviation of $551 while the cost (Y) has an expected value of $4,566, with a standard deviation of $348. The covariance between the revenue and cost is 1,434..

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