subject
Business, 06.07.2021 18:00 carechiga24

A builder entered into a contract with a landowner to build a warehouse for $500,000 by August 1. The agreement provided for five progress payments of $100,000 each at various stages of completion. On June 20, after the builder had spent $350,000 on performance and received $300,000 in progress payments, the builder notified the landowner that he was quitting the project. The landowner hired another contractor to complete the warehouse by August 1 for $250,000, which was a reasonable price given the short deadline. Which of the following statements regarding the parties' remedies is correct (A) The builder can recover $50,000, the differ-ence between the amount he expended on performance and the amount he was paid, to prevent the landowner’s unjust enrich-ment.
(B) Neither party can recover anything, because the $50,000 extra that the landowner had to pay to complete the building is offset by the $50,000 difference between the builder’s expenditures and the payments the landowner made to him.
(C) The landowner can recover $50,000, the difference between the contract price and the total amount he paid for completing the building.
(D) The landowner can recover $100,000, the difference between the contract price and the total amount spent constructing the building

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 22:00
Trang chủ website chính thức của công ty cổ phần viễn thông fpt (fpt telecom), tại đây sẽ giới thiệu các dịch vụ được cung cấp bởi fpt telecom và các khuyến mãi mới nhất. xem chi tiết tại: kingfpt.com thông tin về king fpt: king fpt là cổng thông tin trực tuyến của fpt telecom: cáp quang fpt, truyền hình fpt, fpt play tư vấn các gói cước internet fpt và đăng ký lắp mạng fpt! ngành nghề kinh doanh: lắp mạng fpt, cáp quang fpt, truyền hình fpt, wifi fpt, internet fpt name: king fpt - add: 154 khuất duy tiến, nhân chính, thanh xuân, hà nội 100000 - phone: 0339 810 834 - website: - email: [email protected] - ceo: dương bình an
Answers: 2
question
Business, 23.06.2019 00:00
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
question
Business, 23.06.2019 11:10
Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.
Answers: 3
question
Business, 23.06.2019 18:30
The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. private saving in bienmundo amounts to $5 billion. what are consumption and investment in bienmundo? a. $17 billion and $8 billion, respectively. b. $19 billion and $6 billion, respectively. c. $19 billion and $8 billion, respectively. d. $17 billion and $6 billion, respectively.
Answers: 1
You know the right answer?
A builder entered into a contract with a landowner to build a warehouse for $500,000 by August 1. Th...
Questions
question
Mathematics, 20.08.2020 18:01
question
Mathematics, 20.08.2020 18:01