Person N owns an old home valued &&#35;36; 105,000. He contracted with person K for a replacement of the electrical system which costs &&#35;36; 10,000. He was unable to pay the bill because of financial difficulties and his state's homestead exemption being &&#35;36;60,000. To find: The remedy available to person K.

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OTC Ltd has ten members which included Hudson, a chartered accountant, not employed to the Company. The articles of the Company contained a provision that Hudson would be employed by the Company to do the Company’s account by February 20, 2011 for a stated fee. Several months after the date stated Hudson did not hear from the Company and after several inquiries he was told that the Company hired another accountant. Hudson has decided to take action against the Company. Advise him

Answer 1

Question

Chapter 15, Problem 1BS

Summary Introduction

Case summary:Person N owns an old home valued &#36; 105,000. He contracted with person K for a replacement of the electrical system which costs &#36; 10,000. He was unable to pay the bill because of financial difficulties and his state's homestead exemption being &#36;60,000.

To find:The remedy available to person K.

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