Type your response on the space provided: FACTS: You are a wedding dress maker. You obliged yourself to deliver a wedding dress on May 20, 2021, four days before the scheduled wedding of Anne and Joseph on May 24, 2021. You failed to deliver on the agreed date. On May 30, 2021, Anne and Joseph demanded payment of damages from you alleging you are liable because you are in delay or default. You contend that you are not liable because there is no demand to deliver from the couple, hence, there is no delay on your part. ISSUE: Whether or not you are in delay. RULING:
Type your response on the space provided: FACTS: You are a wedding dress maker. You obliged yourself to deliver a wedding dress on May 20, 2021, four days before the scheduled wedding of Anne and Joseph on May 24, 2021. You failed to deliver on the agreed date. On May 30, 2021, Anne and Joseph demanded payment of damages from you alleging you are liable because you are in delay or default. You contend that you are not liable because there is no demand to deliver from the couple, hence, there is no delay on your part. ISSUE: Whether or not you are in delay. RULING:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the ruling?
Transcribed Image Text:Type your response on the space provided:
FACTS:
You are a wedding dress maker. You obliged yourself to
deliver a wedding dress on May 20, 2021, four days before
the scheduled wedding of Anne and Joseph on May 24,
2021. You failed to deliver on the agreed date. On May 30,
2021, Anne and Joseph demanded payment of damages
from you alleging you are liable because you are in delay or
default. You contend that you are not liable because there is
no demand to deliver from the couple, hence, there is no
delay on your part.
ISSUE: Whether or not you are in delay.
RULING:
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