Business, 01.10.2019 03:00 jmascar5334

Kent corp. (kc), a general contractor building a new dorm at a university, contracted with fine rugs inc. (fri) to have a certain grade of industrial rugs installed in the dorm. the contract price was $180,000. after the rugs were installed, kc was dissatisfied with the rug quality. fri insisted that the rugs installed were appropriate to the contract specifications and demanded full payment. kc sends fri a check for $120,000, which kc believes is the proper value for the rugs installed, and marks the check "paid in full." fri writes "under protest" on the check and deposits it. fri may now, in most states, successfully sue kc for the balance of $60,000.
a. true
b. false

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 06:30

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Answers: 1

Answer

Business, 22.06.2019 10:10

Rats that received electric shocks were unlikely to develop ulcers if the

Answers: 1

Answer

Business, 22.06.2019 11:20

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

Answers: 2

Answer

Business, 23.06.2019 01:40

Which of the following statements is incorrect? select one: a. personal creditors have first claim on partnership assets.b. partnerships are subject to dual taxation.c. no law requires partners to create a written partnership agreement, but it's smart to do so.d. partnership has limited life and unlimited liability.

Answers: 3

Answer

You know the right answer?

Kent corp. (kc), a general contractor building a new dorm at a university, contracted with fine rugs...

Questions