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Jonnel Enterprises, Inc., contracted to construct a student dormitory at Clarion State College. On May 6, Jonnel entered into a written agreement with Graham and Long as electrical contractors to perform the electrical work and to supply materials for the dormitory. The contract price was $70,544.66. Graham and Long claim that they believed the May 6 agreement obligated them to perform the electrical work on only one wing of the building, but that three or four days after work was started, a second wing of the building was found to be in need of wiring.
At that time, Graham and Long informed Jonnel that they would not wire both wings of the building under the present contract, so the parties orally agreed upon a new contract. Under the new contract, Graham and Long were obligated to wire both wings and were to be paid only $65,000, but they were relieved of the obligations to supply entrances and a heating system.
Graham and Long resumed their work, and Jonnel made seven of the eight progress payments called for. When Jonnel did not pay the final payment, Graham and Long brought this action. Jonnel claims that the May 6 contract is controlling. Is Jonnel correct in its assertion? Why?
Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.
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Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
a core competence or capability emerges incrementally out of industry efforts either to bolster skills that contributed to earlier successes or to respond to customer problems
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1. Summarize the case Onacle vs. Sundowner and explain the significance of the case in context of discrimination and harassment based on sex. 2. Summarize the case Drum versus Leeson Electric. Explain which law was violated, by whom, and how.
Suppose Fastest Company current balance sheet showed book value weights of 32 percent debt, 11 percent preferred shares, and 57 percent common equity. Assuming its cost of debt was 3 percent, the cost of preferred shares was 5 percent, and the cos..
How will CHC's earnings before taxes be affected if revenue is less than expected? How will CHC's earnings before taxes be affected if expenses are more than expected?
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