Explain citing the legal principles involved

Assignment Help Financial Accounting
Reference no: EM13134624

Professor Glass is hired by Towers University to teach business law at a salary of $3000 per month. After school has been in session for two months, the Business Administration Building is destroyed by fire. The University refuses to pay him any further salary, claiming they are discharged from their obligation of perfomance. Is the University discharged from its obligation of performancce? Is professor Glass discharged from his obligation of performance? Explain, citing the legal principles involved.

Reference no: EM13134624

Questions Cloud

How would the process of generating a cash disbursments : How would the process of generating a cash disbursments journal from the REA data models differ from the process for creating a sales journal?
Explain the chlorination of propane yields : The chlorination of propane yields 4 different dichloropropanes of formula C3H6Cl2. Using the following information to identify dichloropropanes A,B,C,D.
How are direct and indirect costs accounted : How are direct and indirect costs accounted for when applying the acquisition method for a business combination?
Are the mean hourly productivity levels the same : Random sample of workers at each of three plants. Research question: Are the mean hourly productivity levels the same for workers in these three plants?
Explain citing the legal principles involved : Is the University discharged from its obligation of performancce? Is professor Glass discharged from his obligation of performance? Explain, citing the legal principles involved.
Will any of methods be phased out : Custom, canned, and modified canned software all have advantages and disadvantages. In this age of increasing computerization, which do you feel will become predominant? Will any of methods be phased out? Does your response vary depending on the t..
Assign absolute configurations to the chiral carbons : Assign absolute configurations to the chiral carbons n one of your Fischer projections. Indicate which of the compounds you have drawn would be optically active. Explain your reasoning.
Evaluate the existing compensation plan : the physician's net cash flow is $80,000 and Eastern University receives none of the fees. Critically evaluate the existing compensation plan and recommend any changes.
Find conditional probability student is studying education : The student is studying education, is 0.8. What is the conditional probability that the student is studying education, given that she is a woman?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Examine the financial condition of bellwhether garden supply

Examine the financial condition of Bellwhether Garden Supply Submit a copy of the firm's key financial statements as well as reports (balance sheet, income statement, statement of retained earnings, and statement of changes in financial position..

  Pro-forma income statement

Assuming that Reed's can improve its operations to be in line with the industry averages, construct a 1995 pro forma income statement.

  Relationship between labor variance and overhead variance

Describe the relationship between the labor efficiency variance and the variable overhead efficiency variance.

  Explain how would this amount be reported in the company

Without regard to your answer in (2) above, assume manufacturing overhead was underapplied in December. Explain how would this amount be reported in the company's financial statements at December 31?

  Explain how much higher is the manager bonus

The net income after taxes is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. Explain how much higher is the manager's bonus if FIFO is adopted instead of LIFO?

  Find what actual amount of manufacturing overhead cost

Find what actual amount of manufacturing overhead cost was incurred during August 2013 and find what amount of manufacturing overhead was allocated to all jobs during August 2013?

  Determine the estimated finished goods inventory balance

Determine the estimated finished goods inventory balance at the end of July, if the company always uses an estimated predetermined plant wide overhead rate of $10 per direct labor-hour?

  Evaluate the company''s current ratio and quick ratio

What types of information would you utilize in performing a more complete analysis of Kroger's liquidity and evaluate the company's current ratio and quick ratio.

  Draw an e-r diagram with cardinalities of the store revenue

All disbursements and receipts are handled in the store’s main checking account. Draw an E-R diagram with cardinalities of the store’s revenue cycle.

  What is the usual order in which financial statements

What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?

  How can avon have a larger balance of treasury stock

How can Avon have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par

  Create the production budget for vitapup

There are 1,300 bags on hand at start of January. VitaPup desires to maintain monthly ending inventory equal to 10% of next month's expected sales

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