John Jacobson entered into a contract with Spring Water Drilling, Corp to drill and install a spring well system that would produce a specified quantity of water each month. After the system was installed, it was unable to meet the water volume production level specified in the contract. Jacobson has initiated a lawsuit against Spring Water. Would this dispute be resolved using the Uniform Commercial Code?

Answers

Answer 1

Answer:

UCC rules apply for transactions involving goods, banking and loans. It does not include real estate transactions, employment transactions nor service transactions.

In this case, Jacobson engaged in a contract with Spring Water and that contract involved the performance of a drilling and installation service. The key aspect here is that Spring Water is not selling a spring well, it is drilling one.

Services are not covered by UCC rules, therefore, this dispute cannot be resolved using the UCC.


Related Questions

how could you make your credit score increase ? please help do tonight

Answers

Answer:

Try working hard and getting your money to increase your credit score.

CrEdIt KaRmA l m a o

Explanation:

ANSWER: How Long Does it Take to Build Credit?
Steps to Improve Your Credit Score
Cautiously Pay Off Debt
Keep Credit Card Balances Low
Leverage Mortgage/Car/Utility/Cell Phone Payments
Check Your Free Credit Reports for Mistakes
Increase Your Credit Limit.

A federal tax paid for old-age, survivors, and disability insurance is called:
A insurance tax
B income tax
C Social Security tax
D Medicare tax

Answers

Answer: medicare tax

Explanation:

milk = $3.15
Romaine lettuce= $3.46
Zesty italian dressing= $1.76
Quaker instant grits= $3.48
(4) Chef Boyardee Beefaroni = $3.52
Nestle pure life 12 pack= $1.94
soap= $3.97
clorox= $2.48
subtract these prices from $145 for how much is left!

Answers

$121.24
.
Hope this helps

explain the steps of process of online transaction​

Answers

Answer:

Stages of Online Transaction:

Pre purchase/Sale:

Purchase/Sale:

Delivery Stage:

The steps involved in online transaction are as follows:

Registration:

Placing an Order:

iii. Payment:

Answer:

Online transactions occur when a process of buying and selling takes place through the internet. Transactions between the buyer and seller that are carried out and completed with the help of internet are called online business transactions.

The steps involved in online transaction are as follows:

i. Registration:

The consumer has to register online on the particular website to buy a particular good or service.

ii. Placing an Order

When a customer likes a product or a service, he/she puts the product in the ‘shopping cart’.

The buyer then proceeds to the payment option after selecting all the products.

iii. Payment

The buyer then has to select the payment option, he/she has various payment options. These payment pages are secured with very high-level encryptions so that the personal financial information that you enter (bank/card details) stay completely secure.

Explanation:

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#keep learning!!

how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?

Answers

Answer: that make business communications more polished than ever before. No longer limited to voice only, we can now send various media through text messages, and other platforms.                                                       What business innovations have occurred as a result of this product being offered and it and how it is achieved - include Outcome-Driven Innovation and "Jobs.

Explanation:  i know its right. I hope it helps.

is it true that in the music buisness people will pray satin over a contract before the artists sign it and will they sell their soul?

Answers

Answer:

No.

Explanation:

If this is an actual question for an extremely religious school put yes. but this doesn't actually happen.

Answer:

I don't believe its true for all parts of the music industry, but there is a lot of crazy things going on in the world so you never know.


3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons

Answers

Profit maximization is usually a main aim of most businesses in the private sector.

1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.

2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.

3) Profit is required for the business to survive in competitive markets.

Which of the following describes the business ethical climate in the 1960s?
A.)Healthcare emphasized
B.)Public pushed for corporate accountability
C.)Anti-war sentiment
D.) Major industries riddled by scandal


please help me i need answer by today

Answers

This can be a subjective answer.

Mostly D.

No EPA: rivers so fouled by raw sewage and fuel contamination there were literally fires on the surface of some near major industries.

The military industrial complex was reaping large profits off Cold War and later Vietnam war.

Not all business were culpable but major reforms and legislative actions had to be enacted forcing the abusers to clean up their act.!

A central bank would like to increase the money supply in the country. It
achieves this by buying treasury securities from investors who had purchased
them earlier. Investors who sell their securities now have more money on
hand to invest in businesses.
This action best illustrates the central bank's use of which tool of monetary
policy?
A. Open market operations
B. Reserve requirements
C. Discount rate
D. Interest on reserves

Answers

Answer:

A) Open Market Operations

Explanation:

I just got it right

Open market operations action is best illustrates the central bank's use of which tool of monetary policy. Thus, option (a) is correct.

What is investors?

Anyone who makes investments in a business, organization, or piece of real estate is referred to as a “investor.” Shares of corporations, bonds, and debentures are frequently bought by investors.

A central bank implements monetary policies by expanding the money supply through open market transactions. They affect central bank reserve balances and moderate changes to regularly occurring interest rates.

Therefore, option (a) open market operations is correct.

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Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:

Chart of Accounts


Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense

Concession Fee Expense

June
2
Began business by placing $7,200 in a business checking account.

3
Purchased supplies on account, $150

4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.

5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900

6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.

8
Received cash of $470 for rentals during the first week of operation.

13
Hired a part-time assistant to help out on weekends at $7.50 per hour

14
Paid a maintenance person to clean the grounds, $75.

15
Received cash, $500, for rentals during the second week of operation.

16
Paid the assistant for a weekend’s work, $150.

20
Paid for the supplies purchased on June 3, $150.

21
Paid repair bill on bicycles, $55.

22
Received cash for rentals during the third week of operation, $550.

23
Paid the assistant for a weekend’s work, $150.

26
Billed a company for bicycle rentals for an employee outing, $110

27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.

28
Received cash for rentals during the week, $410.

29
Paid the assistant for a weekend’s work, $150.

30
Transferred $500 to personal checking account.

Answers

Answer:

27.

Explanation:

Savings should be treated as another type of

Answers

Investment saving is investing in your future self for anything that you may or will need

If consumers start to believe they need a product, what is likely to happe A. The demand becomes less elastic. B. The demand becomes more elastic. C. The supply decreases. D. The price decreases.​

Answers

If consumers start to believe they need a product, it is likely that the demand for the good becomes less elasticity.

What is price elasticity of demand?

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

When consumers consider a good to be a necessity, the elasticity of demand becomes less elastic. The more elastic demand is, the more sensitive quantity demanded is to price changes. The less elastic demand is, the less sensitive quantity demanded is to price changes.

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Answer:

B

Explanation:

takin test now

How did Confucius think that one should live? according to the king's demands according to the wishes of the family according to government rules according to a high ethical code

Answers

Answer:   according to a high ethical code

Hope this helps you plz mark brainlyest

The last stage in sales is
Conviction
Action
Desire
Interest

Answers

Answer will be ‘Desire’ according to me.

Answer:

action

Explanation:

Type the correct answer in the box. Spell all words correctly.

Which form of marketing do firms use when they market their products to all consumers alike, even when not all of them constitute the target audience?
When firms market their products to all consumers alike, even when not all of them constitute the target audience, they exhibit (___?___) marketing.

Answers

Answer:

Outbound Marketing is the correct answer

Explanation:

Answer:

outbound marketing - I just took the test this is correct

Explanation:

Writing Reader Friendly Sentence

1. Please be so kind as to send us the infomation about your charges for rental of the large conference room at your hotel on or about March 30 of this year so that we are able to call you and book the room for an event that will be held sometime in June.

Rewrite:

Answers

Answer:

see below

Explanation:

Please send us an invoice for renting the large conference room at your hotel. We used it on or about March 30 of this year. We intend to hold another event there sometime in June. Please give us a quotation so that we can call you and book the room.

Identify the factors that would MOST LIKELY help a firm to increase production.

Investment in new
technology.
Hiring more employees.

An increase in demand.

Increased education of labor force.

A decrease in demand

Increase foreign competition.

Answers

Answer:

Investment in new technology.

Hiring more employees.

increased education of labor force.

Explanation:

At the micro-economic level, the following factors would MOST LIKELY help a firm to increase production.

A) Investment in new  technology B) Hiring more employeesD) Increased education of labor force

At the macro-economic level, an increase in demand is a factor that will lead to more production by the industry.

At the firm-level (micro-economic), a decrease in demand or an increased foreign competition cannot lead the firm to increase production.  Instead, they discourage more production of goods and services.

To increase production, a firm must invest in new technology and hire more.  The latter will be boosted by an increase in labor education.

Thus, the factors that lead to increased production by a firm are A), B), and D).

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If the quantity demanded is greater than the quantity supplied, what will happen to the price?
A. Go up
B. Go up then down
C. Go down
D. Remain the same

Answers

A. Go Up....................

Jamie is a purchasing agent for a company that manufactures shoes. She
has just submitted a purchase order to a supplier for more leather. Which
step of the purchasing process comes next?
A. Quality check
B. Requisition
C. Bid soliciting
O D. Shipping

Answers

Answer:

D. Shipping

Explanation:

Shipping refers to the activity of physically moving goods from one location to another. The goods could be moving from one store to another, from manufacturers to distributors, or from retailers to customers. Shipping is 'carrying goods' and hence a component of logistics.

After Jamie has prepared a submitted a purchase order, the next thing is to wait to receive the goods she ordered. Her supplier should ship the goods to her. The supplier can deliver the goods by themselves or use a logistics company.

When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.

Answers

The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.

A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.

It do occur when government give that control to a firm on essential service such as water treatment.

Therefore, option B is correct.

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Answer:

B. a natural monopoly.

Explanation:

The basic economic problem results from not having enough resources to satisfy every need. a. True b. False

Answers

Answer:

True

Explanation:

Because the less product means less sales and less happy people. Hope this helps.

what is the importance of opportunity cost to an individual​

Answers

Answer:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics. Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful. These are from my notes btw

Explain how a marketing strategy is developed.

Answers

Answer:

The development of a marketing strategy involves the isolation of a target market segment, a set of clear-cut goals, a fair amount of consumer research, and the implementation of initiatives aimed at getting the word out.

Explanation:


Which choice best describes differences in corporate decision-making
between the United States and the European Union?
A. Workers in the United States are usually more involved in
corporate decision-making.
B. Workers in the European Union are involved less in decisions over
labor.
ternati
C. Workers in the European Union are usually more involved in
corporate decision-making.
D. Workers in the European Union are usually less active in trade
unions.
expand
SUBMIT

Answers

Answer:

C.WORKERS in the European union are usully move involved in corporate decision-makng

Answer: workers in the European Union are usually more involved in corporate decision-making.

Explanation:

A p e x

8. You buy a 30-year zero coupon bond which will pay you $10,000 in 30 years at an annual yield of i=1% compounded once per year. A few minutes later the annual yield rises to i=2% compounded once per year. What is the percent change in the value of the bond? (Hint: recall the formula for percent change. The answer should be negative.) 9. You buy a 30 year zero coupon bond which will pay you $1000 in 30 years at an annual yield of i=16.5% compounded once per year. 25 years later it will be a 5 year zero coupon bond. Suppose the interest rate on this bond will be 16.5%, what will the price of this bond be in 25 years?

Answers

Answer:

-74.41%

465.9833221

Explanation:

The computation of percent change in the value of the bond is shown below:-

Price at 1% = $10,000 ÷ 1.01^30

= 7,419.23

Price at 2% = $10,000 ÷ 1.02^30

= 5,520.71

Percentage change in price = 5,520.71 ÷ 7,419.23

= -74.41%

The computation of the price of this bond be in 25 years is shown below:-

Price after 25 years: $1,000 ÷ 1.165^5

= 465.9833221

The percentage change in the value of the bond is 25.6% and the price of the bond in 25 years will be $465.98

Data;

Present Value of coupon = $10,000Interest rate = 1%, 2%Time = 30 years.Percentage Change in the Value of the Bond

This is calculated by the difference between the value of the interest rate.

Value of zero coupon bond = maturity value * PVF (r%, n)

The value of the bond at 1%

[tex]10000* PVF(1\%, 30)\\10000 * 0.7419 = 7,419.23[/tex]

The value of the bond at 2%

Value of zero coupon bond = maturity value * PVF (r%, n)

[tex]10000*PVF(2\%, 30)\\10000*0.5521 = 5521[/tex]

The percentage change is

[tex]\% change = \frac{previous value - present value}{previous value}\\\% change = \frac{7419.23-5521}{7419.23}\\ \% change = 25.6\%[/tex]

The percentage change in the value of the bond is 25.6%

b)

The cost of the zero coupon is equal to the present value of the future cash flow which is discounted at it's rate of interest. The period of discounting is the same as the period which the value needs to be determined.

Period = 5 yearsRate = 16.5% = 0.165PV = 1000

[tex]p = \frac{1000}{(1+0.165)^2}\\p = 465.98[/tex]

The price of the bond in 25 years will be $465.98

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What is the name for a loan with a co-signer

Answers

Answer:

co-borrowers

Explanation:

They are joint borrowers that are sharing and have to repay a debt together.

Which of the following are signs of a person being in credit distress?
A. Writing a check to make debt repayment
B. Making all debt repayments in full
C. Only making minimum payments on credit cards each month
D. Paying-off an automobile loan 12 months early

Answers

I think the answer is C

Only making minimum payments on credit cards each month.

What's a distressed borrower?

A distressed borrower is a borrower who is unable to completely repay their debt on time, due to economic difficulties. A distressed borrower can be both someone or an enterprise whose profits fall because of unexpected circumstances.

What takes place in monetary distress?

Monetary misery is a condition wherein an agency or man or woman can not generate sufficient revenues or profits, making it unable to fulfill or pay its monetary obligations. That is generally because of high fixed costs, a big diploma of illiquid property, or sales sensitive to financial downturns.

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Joanna Grimshaw makes an hourly rate of $12.50, and she works 40 hours per week. Her boss offers her a promotion to a salaried position that pays $675 per week. How much more will she earn per week with the salaried position?

Answers

Answer:

$175 more

Explanation:

She makes 500 without the promotion and 675 minus 500 is 175

Answer: She will get $16.85 cents per day. She will be earning $175 more per week.

Explanation:

$12.50*40 = original salary

675-500=how much more she will get

Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral

Answers

Answer:

D. Collateral

Explanation:

Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.

Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.

Answer:

D. Collateral

Explanation:

Why is there a need to assess one's PECs in terms of characteristics,attributes,lifestyle,skills traits before starting a particular business?​

Answers

Answer:

Explanation:

PECs stands for Personal Entreprenurial Competencies.

It is important to evaluate them because they have a way of predicting how successful one would be in a particular business.

Some of these attributes include but are not limited to the following:

Ability to Influence other People: People here refer to customers, public and even staff.

Self-Confidence: Confidence in one's abilities is key for survival in any business or endeavour.

Persuasion: Persuasion goes hand in hand with influence and Self-Confidence. It's almost impossible to influence other people if ones does not have self-confidence or lacks the strategy to do so.

Efficiency Orientation: The best entrepreneurs known how to create value from little or nothing.

Problem Solving: This is one of the greatest skills of an Entrepreneur. The higher they go on this trait, the more their chances of success.

Information Seeking: This is not just about reading. It refers to ones ability to seek related intelligence within and outside of one's environment. Good intelligence contributes to great decision making.

Ability to spot and utilize Opportunities: This is two traits combined in one. Spotting opportunities is overrated. Ability to organise internal and external resources in order to translate such opportunities into value is priceless.

Grit: Also known as persistence. This is key and is required for any idea which is receiving efforts to come to fruition.

Cheers!

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-2.5(-2-3x)+2.5(-4x-1)=-2x-4x Select the intended meaning of the idiom in the following sentence .He really drives a hard bargain . The group shown here would likely be involved in ...A. providing religious education for young people.B. enforcing the code of chivalry among local nobles.C. taxing and governing the town in which it did business.D. creating and preserving copies of literary works. "He lived a year in a minute." This statement is an example of A. personification B. metaphor C. hyperbole D. irony Excerpt from The Strange Case of Dr. Jekyll and Mr. Hyde: Story of the DoorHow does the physical condition of the buildings shape the plot of the story? A. The negative appearance of the door highlights the concern about mixing people within the community. B. The sharp contrast between the buildings emphasizes a sense of despair. C. Less emphasis being placed on the doors negative appearance lessens the impact of the theme of friendship. D. The emphasis placed on the towns cleanliness shows a need for the town to improve some areas.Sorry Im asking so many questions Im taking a benchmark and if I dont get a good grade Im grounded Did the Golden age of Islamic society preserve Greek and Spartan culture? Someone plz help me I have to turn it in ASAP it was due past Thur. PLZ PLZ Ill appreciate the help PLZ!!!!!!!! I beg u!! Prove: (1+tan)/(1+cot )=sec/csc A student adds two displacement vectors that have the magnitudes of 15.0 m and 5.0 m. What is the range of possible answers for the magnitude of the resultant vector? simplify the expression: -5 (z - 1) = How many grams are in 0.500 mol of Na (molar mass of Na = 22.99 g/mol)? What is BM(of KARD)'s favorite color,I'm making a Powerpoint about K-Pop because my teacher asked me to,and for me to give them some song reccomendations(I have that covered though UwU).Thanks! Which plan argued for state representation to be equal?The New Jersey PlanThe New York PlanThe Florida PlanThe Pennsylvania Plan A company earns $150 a week for 9 weeks. It then has a loss of 565 a week for 25 weeks. At the end of the 34 weeks what is the company'sbalance? If m7 = 55, which of the following statements are true? Select all that apply. There are two horizontal parallel lines are cut by a transversal. The top left angle is denoted by 1 when transversal line makes an angle with upper horizontal line. The supplementary angle of angle 1 (which is top right angle) is denoted by 2 and opposite angle is denoted by 4. The remaining angle is denoted by 3. The corresponding angle of 1 is denoted by 5 and the corresponding angle of 2 is denoted by 6. The opposite angle of 5 is denoted by 8 and opposite angle of 6 denoted by 7. A. m6 = 55 B. m5 = 135 C. m1 + m4 = 250 D. m1 + m6 = m7 + m4 Summarize the political philology of jonh Locke. The drama club is selling tickets to their play. Tickets cost $12 for students and $20 for adults. The club sold 150 tickets and made $2,040. Thegraph models the situation150120Student90Tickets Sold6030030 60 90 120 150Adult Tickets SoldHow many student and adult tickets were sold?A They sold 30 student and 120 adult tickets.B. They sold 120 student and 30 adult tickets.C. They sold 100 student and 50 adult tickets.D. They sold 50 student and 100 adult tickets. Describe the life and work of an abstract expressionist artist. An item is regularly priced at 95$ . It is on sale for 20% off the regular price. How much (in dollars) is discounted from the regular price? What were the 13 colonies main product