The caplans contract with faithful construction, inc., to build a house for them for $360,000. the specifications state "all plumbing bowls and fixtures . . to be crane brand." the caplans leave on vaca-tion, and during their absence, faithful is unable to buy and install crane plumbing fixtures. instead, faithful installs kohler brand fixtures, an equivalent in the industry. on completion of the building contract, the caplans inspect the work, discover the substitution, and refuse to accept the house, claiming faithful has breached the conditions set forth in the specifications. discuss fully the caplans’ claim

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.