subject
Business, 18.12.2019 07:31 viktoria1198zz

An art collector commissioned an artist to create a sculpture for the collector. the artist wanted a substantial amount of money for the sculpture. this caused the collector some worry regarding possible dissatisfaction with the artwork once it was completed.

to ensure that payment would be made only if the collector was satisfied with the sculpture, a condition was written into the commission contract. it required that the collector would have to be satisfied with the artwork, relying on the collector's taste and judgment, before an obligation of payment would be created.

the artist never imagined that a collector could possibly refuse a creation of his and allowed the condition to be placed within the contract. at the completion of the sculpture, the collector claimed that she did not care for the artwork and therefore refused to pay.

can the artist force payment in this situation?

would it if the artist could establish that the collector does approve of the sculpture but has temporarily run short on funds and that this is the motivating factor in refusing to accept the sculpture?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 12:50, axelsanchez7710
You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400
Answers: 3
image
Business, 22.06.2019 21:00, nikkiwoodward1ovgszp
Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $
Answers: 1
image
Business, 22.06.2019 23:40, xrenay
Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?
Answers: 2
image
Business, 23.06.2019 05:00, autumnlyons69
Choose a well-known company that you know of, and describe its direct and indirect competitors. choose a well-known company that you know of, and describe its direct and indirect competitors. describe at least three direct competitors and three indirect competitors. at least three direct competitors and three indirect competitors.
Answers: 2
You know the right answer?
An art collector commissioned an artist to create a sculpture for the collector. the artist wanted a...

Questions in other subjects:

Konu
Biology, 05.01.2020 16:31