Jessica hires chromalite builders corp. to construct a house. the contract specifies that grade a+ carpeting is to be installed on the entire second floor. chromalite builders accidentally installs grade a carpeting instead. few people, except for carpeting experts, can tell the difference. jessica, however, refuses to pay for the construction citing that chromalite builders has breached the contract. which of the following statements is true in this scenario?

the courts are likely to consider chromalite builders’s performance as a substantial performance, and jessica will have to pay something but not the full amount; i. e. she is entitled to monetary damages
jessica has materially breached the contract by refusing to pay chromalite builders; hence, she cannot sue chromalite builders for the use of low-grade carpeting.
jessica can claim a breach of contract and refuse to pay chromalite builders for the construction of the house.

Do savings and loan associations offer checking accounts?

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.