Publisher specialising in producing scientific textbooks

Assignment Help Financial Management
Reference no: EM131573498

Ano Ltd is a publisher specialising in producing scientific textbooks. In January 2013, it decided to produce a new edition of a particular book and commissioned Box and Cox to produce the work. Box was to provide the text and Cox was to produce the extensive diagrams and each of them was to be paid £5,000. The contract entered into between Ano Ltd and Box required the text to be produced by 30 April 2013 and the terms of Cox’s contract required the diagrams to be submitted by 30 June 2013. In March 2013, Box informed Ano Ltd that he would not supply the finished text on time unless Ano Ltd increased his payment by £1,000. Ano Ltd agreed to the increase but when Box submitted his invoice on delivering the text, Ano Ltd refused to pay the additional amount. In May 2013, Cox informed Ano Ltd that he was no longer willing to produce the diagrams for the book. Ano Ltd can get someone else to produce the diagrams, but given the time lost, they will have to pay an additional £500 to produce the diagrams on time for printing the textbook as originally planned.

Required: In the context of the law of contract, advise:

(a) What action Box can take against Ano Ltd to enforce the additional payment;

(b) What action Ano Ltd can take against Cox for his refusal to produce the diagrams.

Reference no: EM131573498

Questions Cloud

Effective rate of interest the company earned on the bond : Insurance company A buys a two-year bond at time zero. Calculate the effective rate of interest the company earned on the bond from time 0 to time 1.
Use the power sizing model to calculate the expected cost : The power sizing exponent x is believed to be 0.80. Use the power sizing model to calculate the expected cost of the 60 story building.
Private limited company to pursue chemical research : In 2008, Dee, Fi, Gee and Ki formed a private limited company to pursue chemical research. to remove Dee from the board of directors;
Beth expressly excluded her personal liability : Advise Beth with regard to her liability, if any, to Kempstons Ltd. Beth expressly excluded her personal liability?
Publisher specialising in producing scientific textbooks : Ano Ltd is a publisher specialising in producing scientific textbooks. In January 2013, What action Box can take against Ano Ltd to enforce additional payment.
How much must you pay each month : How much must you pay each month? How much total interest will you pay?
Family should spend each month on mortgage payment : What is the maximum amount the family should spend each month on a mortgage payment?
Each would hire in the private market nash equilibrium : Find the number of firemen that each would hire in the private market Nash equilibrium. What is the socially optimal number of firemen?
Describe four different ways to implement technology : Describe four (4) different ways to implement technology and/or technology software in the lives of early childhood aged children as it relates to the positive

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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