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Discuss Contract performance
Lisa a homeowner was looking for someone to paint and do some general work around her home. She received several bids from different companies. One such offer was from Jack, who did business as New Horizon Construction. In the contract Jack offered to do some touching up and repainting of her home. The work would be done for the total cost of $420, provided that Lisa made a deposit of $200.00 when the contract was signed. He also offered to return to the house to remedy any defects in his workmanship at no cost. Lisa signed the contract and made the deposit.
At the end of the work Lisa was not happy with the work performed and felt it was sub-standard. However, when Jack presented the final bill it was $200 more than what was agreed to in the contract. Jack said that said that the job took longer than expected. Although Lisa did not express dissatisfaction with the work and offered Jack to pay to the agreed to price. Jack refused to accept the amount and filed a suit to collect the full amount. Lisa filed a counterclaim, alleging that Jack failed to perform the job in a workmanlike manner, resulting in damages, which it would cost $500 to repair. Jack claims that although some touch-up work needed to be done, the job had been performed in a workmanlike manner. Discuss
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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