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Alex777 [14]
1 year ago
12

Martha entered into a contract with Terry, an art dealer. According to the contract, Terry was to supply 18 th century artifacts

to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha. In this case, the court may order Terry to:
Business
1 answer:
Arisa [49]1 year ago
3 0

Answer:

Specifically perform the contract

Explanation:

When a contract is made and one of the parties does not perform his own part. During a dispute the court will first ask the erring party to perform their duties in the contract.

In this scenario Terry was to supply 18 th century artifacts to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha.

Terry has breached his contract with Martha, and will now be compelled to sell the painting to Martha at $50,000.

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Answer:

Explanation:

The expenses would be debited and the cash would be credited as the cash is going out of pocket.

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6 0
2 years ago
Talk Time Communications is considering the purchase of a new satellite. The firm believes the satellite will help generate futu
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(3) depreciation

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Based on the information provided it seems that the firm recognizes the tax benefits of a lower net income provided by the annual depreciation of the asset. This refers to the decline in value of the asset, which in this case is the satellite, because of the continuous use that the asset is being given which causes it to wear down and not be worth the same as a brand new one.

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