ACCT 568 help A Guide to career/Snaptutorial ACCT 568 help A Guide to career/Snaptutorial | Page 3

4. Chapter 18 4 points
Daniel agreed to erect an apartment building for Steven for $12
million, and that Daniel would suffer a deduction of $12,000 per day
for every day of delay. Daniel was twenty days late in finishing the
job, losing ten days because of a strike and ten days because the
material suppliers were late in furnishing him with materials. Daniel
claims that he is entitled to payment in full (a) because the agreement
as to $12,000 a day is a penalty and (b) because Steven has not shown
that he has sustained any damage. Discuss each contention and
decide.
5. Chapter 22 5 points
John Doe purchased a bottle of “Bleach-All,” a well-known brand,
from Roe’s combination service station and grocery store. When John
used the “Bleach-All,” his clothes severely deteriorated due to an
error in mixing the chemicals during the detergent’s manufacture.
John brings an action against Roe to recover damages. Explain
whether John will be successful in his lawsuit.
6. Chapter 23 5 points
Servebest contracted to sell Emessee two hundred thousand pounds of
50 percent lean beef trimmings for $105,000. Upon a substantial fall
in the market price, Emessee refused to pay the contract price and
informed Servebest that the contract was canceled. Servebest sues
Emessee for breach of contract including (a) damages for the
difference between the contract price and the resale price of the
trimmings and (b) incidental damages. Discuss
==================================================