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In Your Own Words, what does it mean to be made "Whole" after a Contract Breach?
Give typing answer with explanation and conclusion
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- 1) Read Jacob & Youngs v. Kent on page 327a) Did Jacobs & Young provide complete performance pursuant to the contract?b) Was Jacobs & Young entitled to the entire balance of their fee for servicesrendered?State the general rule with respect to effectivity of contracts. What are the exceptions, if any. Explain your answer with legal basis from the Philippine Civil Code.Company is artificial legal person. How does it achieve the status of artificial legal personality and through adopting which steps, a company starts business? Elaborate
- Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved invaluable in helping it cut costs. Before the city declared bankruptcy, he said, he had found it impossible to wring meaningful concessions out of the city's unions and retirees, who were being asked to give up roughly half of the pensions they had earned as the city ran out of cash. True or False: In negotiations with unions, cities without the ability to file bankruptcy have a higher disagreement value than cities with the ability to file bankruptcy. True FalseJiffyburger, a fast-food outlet, sells approximately 8,000 quarter-pound hamburgers in a given week. To meet that demand, Jiffyburger needs 2,000 pounds of ground beef delivered to its premises every Monday morning by 8:00 AM sharp.1. As the manager of a Jiffyburger franchise, what problems would you anticipate if you acquired ground beef using spot exchange?Calculates the book profit or loss as well as the economic gain or loss in each of the following situations: A company with total revenue of $130 million, explicit costs of $80 million and implied costs of $20 million
- Explain how the total revenue maximization objective can create principal-agency problem in the firm. How can the problem be solved ?Why do firms hedge their risk and what determines the choice of contract for hedging? Also examine the risk of hedging.What was the result in the text case involving the sale of a specialty metal, Almetals Inc., v. Wickeder Westfalenstahl, GMBH, the plaintiff sued the defendant for breach of contract seeking specific performance. Multiple Choice a) Specific performance was unavailable because real estate was not involved. b) Specific performance was the appropriate remedy because the goods at issue were unique with no known alternative sources of supply. c) Specific performance was unavailable because a requirements contract was involved d) Specific performance was unavailable because the goods at issue were scarce. e) Specific performance was unavailable because a foreign defendant was involved and jurisdiction for specific performance was, therefore, lacking.
- Calculates the book profit or loss as well as the economic gain or loss in each of the following situations: A company with total revenue of $350,000, explicit costs of $395,000 and implied costs of $40,000What is your observation regarding market/individual demand and supply for customer goods and services during the current crisis of COVID 19? You can use example(s) of any goods to explain your answer.what three factors would influence your evaluation as to wheter a company's current ratio is good or bad?