Profit from sale of products to four-square to remodel

Assignment Help Business Economics
Reference no: EM13892152

Four-Square Construction Company enters into a contract with Ben to remodel Carol's Home Store, using products from Delta Building Supplies. Eatery Café is next to Carol's Home Store. The remodeling is a gift from Ben to Carol.

Refer to Fact Pattern 13-1. Delta will realize a profit from the sale of products to Four-Square to remodel Carol's store. Delta is

a delegatee.

an assignee.

an incidental beneficiary.

an intended beneficiary.

Rocko owes Sybil $1,000 for yard work Sybil performed for Rocko. The money is due on May 1. On April 30, Rocko goes to the bank to get the money and discovers that the bank will be closed until May 2. Rocko

will be in breach of contract when he fails to pay Sybil on May 1.

will not be in breach of contract when he fails to pay Sybil on May 1 due to objective impossibility.

is discharged from any contractual liability to Sybil.

will not be in breach of contract when he fails to pay Sybil on May 1 as long as he pays the $1,000 plus ten percent interest on May 2.

Eli owes Martin $10,000. Martin assigns the claim to Jack. Jack does not notify Eli of the assignment. A week later, Martin assigns the same claim to Allen. Allen immediately notifies Eli of the assignment. Jack

has priority to payment in all states.

has priority to payment in states that follow the English rule.

does not have priority to payment in any state.

has priority to payment in most states.

Reference no: EM13892152

Questions Cloud

Most capable students pursuing medical careers : "High salaries are essential if we are to have the most capable students pursuing medical careers" Comment- Why or why not?
Profit-maximizing firm in competitive market : At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses the ..
Fixed costs exist only in the short run : Explain the statement: "Fixed costs exist only in the short run. In the long run there are no fixed costs." Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with different time fram..
Some other challenge in supply-demand you have encountered : Consider the challenge of supplying all the merchandise to a bigbox store such as Target, or some other challenge in supply and demand you have encountered. Discuss with your class members some of the continual problems and variables that go into the..
Profit from sale of products to four-square to remodel : Four-Square Construction Company enters into a contract with Ben to remodel Carol's Home Store, using products from Delta Building Supplies. Eatery Café is next to Carol's Home Store. The remodeling is a gift from Ben to Carol. Delta will realize a p..
According to the way the government measures unemployment : Here's a story economists tell one another: A Nobel Price-winning economist flew to New York City for a conference. He got into a cab, and started talking with the cab driver. The cab driver said, "Oh, you're an economist? Let me tell you, this econo..
According to new growth theory-per capita growth : According to new growth theory, per capita growth is:
In the classical growth model : In the Classical growth model:
Dismantle regulatory obstacles and alter tax laws : In the early 2000s, analysts feared that low academic achievement in math in the United States may reduce U.S. economic growth by as much as half a percentage point a year. "That drag will become increasingly apparent…as other countries dismantle reg..

Reviews

Write a Review

Business Economics Questions & Answers

  Describe equilibrium price and quantity

Describe equilibrium price and quantity, and explain and illustrate with two supply and demand graphs how a change in supply and a change in demand affect the equilibrium point. Define price elasticity of demand in your own words, and provide example..

  Suppose that the demand and supply functions for good x are

suppose that the demand and supply functions for good x are as followsqd 75 .004m - 4pqs -43 - .4pi 3pa. is this

  Demonstrate that inflation is always a monetary phenomenon

Demonstrate that inflation is always a monetary phenomenon in the long-run, and explain why it might not always be a monetary phenomenon in the short-run.

  Discuss the implications of the outsourcing of labor

Discuss the implications of the outsourcing of labor for the nation as a whole, and see if you can find an example to cite within the region, where a company or factory has shifted production to Asia or elsewhere overseas.

  Apc before the increase in disposable income

Illustrate what is the economy's MPC? It's MPS. Illustrate what was the APC before the increase in disposable income.

  When two or more firms in a certain industry would be better

Use examples both numerical and explanations to make your case. Give an example of a real world situation where two or more firms in a certain industry would be better off if they came together and behaved like a monopoly.

  Compare and contrast the political and economic differences

compare and contrast the political and economic differences of at least two countries (for example India and the United States); and 4) discuss what managers can do to successful work with the opportunities and challenges present in this global ..

  Regional economic integration and the consequent increase

Regional economic integration and the consequent increase in increased dependence on each other creates incentives for political cooperation between the neighboring states and reduces the potential for violent conflict.

  Full employment and full production

Suppose that the market for wheat is characterized by the following demand and supply relationships.

  For the purpose of stabilizing the macro economy

For the purpose of stabilizing the macro economy, which of the policies below are suitable for a situation when aggregate demand is excessive, or when there is a large -GDP gap?

  Determine the demand function for hotel rooms

As the manager of a 60-unit hotel you know that all units are occupied when you charge $80 a day per unit. Each occupied room costs $8 for service and maintenance a day. In addition there is a fixed cost of $400 a day. You have also observed that for..

  Favor a policy that leans against the wind

If aggregate demand shifts because of a wave of pessimism about stock prices, those who favor a policy that "leans against the wind" would advocate the

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