Business, 24.12.2019 05:31 Scp049

Cut-rate construction company (ccc) begins building a restaurant for diners restaurants, inc., but after two months demands an extra $100,000. diners agrees to pay. if ccc offers, as a reason for the extra $100,000, that ordinary business expenses have increased, the agreement is:
enforceable as an accord and satisfaction
enforceable because of unforeseen difficulties
unenforceable as an illusory promise
unenforceable due to the preexisting duty rule

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Answer from: pedropaulofpedrosapp

Enforceable because of Unforeseen Difficulties

Explanation:

Unforeseen difficulties can make Cut-Rate Construction Company (CCC) to ask for an extra financial obligation from DIners Restaurant Inc in the process of a contract between the two parties on building a restaurant

Unforeseen difficulties are difficulties that come up in a contract that no party in the contract could have foreseen. However, it becomes the basis on which a further obligation may arise which is enforceable either voluntarily by the parties involved or by a court of law, should it become a litigation issue.

Unforeseen difficulties basically allow the modification of an existing contract based on complications that may arise during the course of the performance of the contract.

In order to modify the existing contract to accommodate the unforeseen difficulties, a novation ( replace the existing with a superseding one) or a Rescission (stopping the contract before it goes further) can be applied.

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

Nucleus

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