Construction company c and landlord l negotiate to build an office building for occupancy on september 1. landlord l wants to sign up commercial renters to occupy the building on september 1. unforeseeable causes often delay construction projects. c is willing to take this risk. c proposes a price of $10 million and a liquidation clause requiring c to pay l $1,500 per day for completing the building late. you are a lawyer hired by l to on the contract. l tells you in private that he will actually lose $1,000 per day of delay, not $1,500 per day. how would you explain to l that he might benefit from proposing to reduce liquidated damages from $1,500 to $1,000 per day?

Which of the following statements is true about financial planning

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Retail industry fundamentals credential exam,part 1 all answers