Chris, a carpenter, entered into a contract with Doug for the construction of a garage on Doug’s property for $5,000. Chris had constructed all of the garage, except the door, when he refused to complete the contract. Chris has substantially performed his part of the agreement, and would be entitled to payment of the contract price, less the amount necessary to finish the building.Group of answer choicesfalsetrueNext

The owner of a new office building contracted with a well-known landscaper to design and install landscaping around the building for $30,000. The agreement was memorialized in writing, was signed by both parties, and called for a budget of $5,000 for trees, shrubs, sod, and materials. The contract required the landscaper to complete the work within six months. Due to an unexpected increase in the price of trees and shrubs, the landscaper abandoned the project and never completed any of the work.Three years after the landscaper's deadline, the building owner sued the landscaper for breach of contract. In the jurisdiction, the statute of limitations for breach of a services contract is two years after the breach, and the statute of limitations for breach of a sale-of-goods contract is four years.Can the owner recover damages from the landscaper? A. No, because the contract is divisible with respect to the services and goods, and the landscaper's breach is therefore subject to the two-year statute of limitations. B. No, because the contract primarily calls for services, and the landscaper's breach is therefore subject to the two-year statute of limitations. C. Yes, because the landscaper's breach was a result of an increase in the price of goods, and his breach is therefore subject to the four-year statute of limitations. D. Yes, because the landscaper's breach was willful, and he is therefore estopped from denying that his breach is subject to the four-year statute of limitations.

Gregory is a businessman who lives abroad, but for the past 8 years, he has been sending money to his brother who lives in Koforidua to build a residential building of 9 floors in a small plot of land. He was hoping to maximize the space, which is why he opted for a multistory building. In the latest report he received from his brother, it was mentioned that the previous contractor had to leave in order to attend to some family issues. After about 1 year, the brother decided to give the contract to someone else since the previous contractor wasn’t giving any sign of commitment. After some time, he came to visit the site and realized that the building wasn’t right. A friend recommended you to him, to help him understand what went wrong. What would you tell him? Give at most 4 reasons to justify your opinion.

William owns a car that he values at $5000. Jackson values the car at $7500. The negotiations between them for a potential trade are as follows: William offers a price to Jackson. If Jackson accepts, trade takes place at that price. If Jackson rejects, William keeps the car and Jackson buys a similar car which he values the same as William’s car from James for the price of $6000. What will the outcome be of the negotiation process? Group of answer choices William suggests Jackson pay $6125 and Jackson accepts the deal. William suggests Jackson pay $5000 and Jackson accepts the deal. William suggests Jackson pay $7500 and Jackson accepts the deal. William suggests Jackson pay $6000 and Jackson accepts the deal. William suggests Jackson pay $5000 and Jackson rejects the deal.

Columbia Builders Hardware Supply pays all sales representatives 6% commission on the first $40,000 of their individual sales and 11% commission on their individual sales in excess of $40,000. Assume that Kevin Hill sold merchandise valued at $37,500 during the month of November.Calculate the following amounts.(a) Commission on sales in the sales base: $(b) Commission on additional sales: $(c) Gross pay:

Matilda has a written contract with a builder, Juan, to build a new factory for $5,000,000 by 30 November. Juan calls Matilda in March and says that he can no longer build the factory for $5,000,000 as his costs have gone up. Matilda orally agrees to pay an extra $500,000.What can Juan do to ensure that the promise to pay the extra money is enforceable against Matilda?i. Juan should get Matilda’s promise in writing along with his signature.ii. Juan should promise to do some additional work, such as building a shed behind the factory.iii. Juan should get Matilda’s promise in a deed.iv. Juan does not have to do anything as a contract can be oral and is not required to be in writing.Question 17Answera.Only (i) is likely to be correct.b.Only (iv) is likely to be correct.c.(i) and (iv) are likely to be correct.d.(ii) and (iii) are likely to be correct