Business, 02.07.2019 16:10 Yoli1117

Portraits. belinda, a famous portrait painter, agreed to paint harry's portrait for $5,000. she also agreed to paint the portraits of michelle's two welsh thecorgi dogs, baby and bree. michelle agreed to pay belinda $12,000 for the portraits. belinda charged michelle more because the dogs annoyed her. belinda met the spoiled dogs, and they really got on her nerves. plus, she was behind on finishing harry's portrait. belinda, therefore, proceeded to assign the right to receive the money for the dog portraits and the duty to paint the dog portraits to her assistant, fred. he eagerly accepted and painted the portraits. as payment for amounts she owed him for various duties, belinda also assigned to fred the right to receive payment from harry. neither the contract belinda had with harry nor the contract she had with michelle expressly prohibited assignment or delegation of contractual rights and duties. belinda finished the portrait of harry and called him to come and pick it up. meanwhile, a disgruntled secretary who disliked belinda told both michelle and harry about the agreements with fred. michelle was furious and refused to pick up the portrait or pay anyone. harry likewise refused to pay for his portrait claiming that the right to payment could not be assigned. what would be the most likely result if fred sues michelle for the $5,000 payment?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 20:00

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?

Answers: 1

Answer

Business, 22.06.2019 20:20

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.

Answers: 2

Answer

Business, 22.06.2019 23:30

Which career pathways require workers to train at special academies? a.emts and emergency dispatchers b.crossing guards and lifeguards c.police officers and firefighters d.lawyers and judges

Answers: 3

Answer

Business, 23.06.2019 02:50

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.

Answers: 2

Answer

You know the right answer?

Portraits. belinda, a famous portrait painter, agreed to paint harry's portrait for $5,000. she also...

Questions