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iragen [17]
1 year ago
12

Kentucky Lumber and MillWork Company contracted to supply Rommell Company millwork for use in the construction of a school build

ing. While the work was in progress the Kentucky Lumber mill was destroyed by fire. For two months thereafter, Kentucky Lumber and Millwork Company supplied Rommell with mill work purchased by it from a third party. The Kentucky Lumber mill did not wish to continue this plan and declared that the contract was ended. Rommell Company brought an action against Kentucky Lumber to enforce the contract. How will the court decide?
Business
2 answers:
Scilla [17]1 year ago
6 0

Answer:

Kentucky Lumber and MillWork Company Vs Rommell Company

Most likely, the court will decide that Kentucky should continue to perform its contract obligations.  We note that following the destruction of the mill by fire, Kentucky never invoked the clause of force majeure.   It continued to fulfill its obligations for a period of two months.  

Before the case comes to the court, Kentucky should have requested for a renegotiation of the contract price with Rommell if it had discovered that the cost of buying from third-party suppliers could prevent it from continuing with the contract.  Note that the fulfilment of a contract is not based on mere wishes but on facts, supported by the prevailing circumstances.

Explanation:

The court will decide to answer Rommell's prayers for an equitable relief by forcing Kentucky Mill to continue with the specific performance of the contract or to pay damages to Rommell for losses arising from the failure of Kentucky to fulfil the contract.

omeli [17]1 year ago
5 0

Answer:

Kentucky can gain advantage since it has not breached any terms of the contract.

Explanation:

Kentucky Lumber will be beneficiary of the decision since it is Rommel company who is ending up the contract but Kentucky Lumber is willing to continue the service according to the terms of the contract. Kentucky mill work was destroyed but it bought the equipment from a third party to continue providing the service according to the contract terms.

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You are the CEO of a national apparel retail chain and want to add three new stores. Which of the following tools will best help
solmaris [256]

Answer:

A-Intelligent agent

Explanation:

Intelligent agent is a term in artificial intelligence that refers to an autonomous entity that acts with the aim of achieving a goal.

It uses observation by sensors and consequent actuators. Previous knowledge is also used to learn so that goal achievement is possible. They can perceive customer needs and perform some personalised customer service functions.

As a CEO you can use intelligent tool to analyse potential profitability of different locations.

8 0
1 year ago
When the price of chocolate-covered peanuts increases from $1.55 to $2.00, the quantity demanded decreases from 220 to 160. In t
vredina [299]

Answer:

The answer is <em>elastic; decrease</em>

Explanation:

Price elasticity of demand (PED) = %change in QD/ %change in price

PED = (2-1.55/1.55 ) * 100 / (160-220/220) *100 = 1.065

PED is elastic

Total revenue before price change = 1.55*220= $341.00

Total revenue after price change = 2* 160 = $320.00

Total revenue decreased by $21.00

4 0
1 year ago
Identify the element or elements associated with these items.(a) Arises from peripheral or incidental transactions. select an el
lutik1710 [3]

Answer: .(a) Arises from peripheral or incidental transactions - corresponds to the definition of gains and losses.

(b) Obligation to transfer resources arising from a past transaction. - Corresponds to Liabilities.

(c) Increases ownership interest. - Investment by owner, Comprehensive Income.

(d) Declares and pays cash dividends to owners. - It is the Distributions to Owners.

(e) Increases in net assets in a period from nonowner sources. - Corresponds to Comprehensive Income.

(f) Items characterized by service potential or future economic benefit. - Is the definition of Assets.

(g) Equals increase in assets less liabilities during the year, after adding distributions to owners and subtracting investments by owners. - Comprehensive Income.

(h) Arises from income statement activities that constitute the entitys ongoing major or central operations. - Corresponds to the definition of Revenues and Expenses.

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4 0
1 year ago
Which of the following is an unintended consequence of the rise of the primary and caucus system? Question 3 options:
Andre45 [30]

Answer:

a. Sometimes candidates unpopular with the party leadership reach the top.

Explanation:

Under the primary system there is voting on the ballots which is secret in nature and under the caucus system people vote after listening to the individual nominees and then accordingly to the candidate they like.

In this manner, the candidates who are not even belonging to some recognized or popular parties are in leadership as their individual speech is too alluring to the people present for voting that they vote for that specific candidate.

Thus, the correct answer is:

Statement a.

3 0
1 year ago
Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materi
Marizza181 [45]
Total manufacturing costs=direct material+direct labor+manufacturing overhead

Calculate direct labor
Let direct labor be x
120%=1.2
1.2x=180000
Divide both sides by 1.2
X=180,000÷1.2
X=150,000 direct labor

Total manufacturing costs=
120,000+150,000+180,000
=450,000...answer

Hope it helps!
5 0
1 year ago
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