Concept explainers
Case summary: A person GH owns and operates OGE, an audit entertainment establishment. The person GH signed a work order authorizing the company TCG to create a prototype of a customer chat system at a price of $64,697. Further, he signed an additional work order related to the installation of a customized firewall system with the same company at a price of $12,943. The payment of the money was to be done in monthly installments. Due to some problems, the work was not completed within the time anticipated. Also, the person GH was not able to make timely payments. The company TCG threatened the person GH to cease the work and filed a case regarding breach of contract. The person GH, instead of making further payments, wished to abandon the project.
To find: Whether the parties in the case have a valid UCC contract, the terms that are left open in the contract, and the way in which a court would deal with open terms.
Want to see the full answer?
Check out a sample textbook solution- The “Compliance with Standards Rule” requires that a member who performs professional services, including consulting services, comply with standards promulgated by bodies designated by Council, regardless of whether the member is holding out as a CPA. The standards applicable to members performing consulting services are set forth in the Statements on Standards for Consulting Services (SSCSs) and specifically state that such standards apply to members holding out as a CPA while providing consulting services. Would a member who does not hold out as a CPA be in compliance with “Compliance with Standards Rule” if the member did not comply with the SSCSs while performing consulting services for a client? Yes or Noarrow_forwardDavid is a licensed agent who typically represents homeowners looking to sell their house. As an agent, David has limited authority when working with clients, and his duties are limited to those outlined in the listing agreement. How would you characterize David's agency relationship? O David is a special agent since he is only responsible for one property at a time with limited duties. O David is a universal agent because he signed a listing agreement with the seller. О David is a general agent because he works with more than one client at a time. O David is a dual agent because he works with more than one seller at a time.arrow_forwardIdentify the primary problem, offer potential solutions, evaluate each solution, reach a conclusion, and make a recommendation for this Application Letter: I'm applying for the position of Dead Manager because your company's Technical Manager unexpectedly died. When I apply for a job, I am always told that there are no openings. However, I have you caught in the act in this case, and you have no chance of defending yourself because I went to the burial to confirm that He was indeed dead and buried before applying. My letter includes a copy of his death certificate as well as a copy of my resume. It is much appreciated. Hello and good morning.arrow_forward
- Fresh Milk, Inc., is the offeror and Guernsey Dairy Farm is the offeree under a unilateral sales contract. Fresh is not notified of Guernsey's performance within a reasonable time. Fresh Select one: a. must assume that Guernsey has started to perform. O b. must contact Guernsey. O c. O d. may treat the offer as having lapsed. must assume that Guernsey has rejected the offer.arrow_forward1. A person with a disability has applied for a job with an employer who is subject to the ADA. The job applicant has the knowledge and experience required for the job and is the most qualified candidate. However, because of a disability, the applicant would need additional equipment, including an adjustable desk and an adapted keyboard and mouse, to perform the job. What kind of accommodations does the ADA require the employer to make? a) The employer must purchase the additional equipment so that the employee can do the job. b) The employer can hire a person who can do the job without adaptive equipment, even if that person is less qualified. c) The employer can hire the person, but require that they provide their own adaptive desk, keyboard, and mouse. d) The employer must make any accommodation the person requires to do the job, even if it presents a hardship for the employer. 2. Armand lives in a group home. He stays in his room almost all day, every day. The staff…arrow_forwardneed help asaparrow_forward
- A contract has become more difficult of performance due to some un-contemplated events or delays .The contract Question 11Answer a. becomes voidable. b. is discharged c. becomes void d. is not dischargedarrow_forwardYou have received a summons to appear in court. Your client is being sued by another party and that party's attorney wishes to depose you. You notify your client, which refuses to grant permission for you to discuss any client-related matters. Which statement best describes your obligations under the “Confidential Client Information Rule”?arrow_forward1. Dave is a regular shopper at Colric Inc., an online company, which sells T-shirts. He placed an order for five Tshirts. However, when the order arrived, Dave realized that the T-shirts were defective. He returned the orderand requested Colric for a replacement. This scenario exemplifies an exception to one of the aspects of supplychains. Identify this aspect.A.B.C.D.E.Products and services generally move downstream from a supplier to a customer.Distribution channels are more accountable than the manufacturer of a product.Information generally flows from the customer to the intermediaries in a supply chain.Finances generally flow up and down the supply chain.A supplier is the most accountable entity in a supply chain.Which of the following should a company consider when designing its distribution network?An increase in facilities in the distribution network increases the overall inventory in the system.Additional inventory decreases the overall inventory carrying costs in a…arrow_forward
- The provisions of the Real Estate License Law apply to which of the following individuals? A. a regular employee of a property owner who conducts lease transactions on the property O.B. a licensed person who for a fee receives a referral from a licensed broker ⒸC. a property manager who handles the sale of units within a managed condominium complex OD. salespersons who sell their primary residencesarrow_forwardWhich disclosure notice is required for a single agent to change to a transaction broker? A. transaction broker B. consent to transition to single agent C. consent to transition to transaction broker. D. no brokerage relationshiparrow_forwardAnswer pleasearrow_forward
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education