Ask Question
BusinessBusiness
29 April, 08:23

Resourced Minerals Inc. agrees to deliver ten tons of coal to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days. Resourced Minerals cannot convince Static Energy to amend the contract. Resourced Minerals should seek

A) Specific performance

B) Rescission

C) Damages

D) Reformation

+4
Answers (1)
  1. 29 April, 09:15
    0
    Answer: Reformation

    Explanation: Removal or alteration by court order of the current contract at the request of one of the parties to the agreement is called reformation.

    Reformation will be required when there is evidence that the participants have not meant the expression as written or an accident or confusion has caused an omission.

    Thus, from the above we can conclude that the correct option is D as the resource mineral is not able to perform under the conditions specified in the contract.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Resourced Minerals Inc. agrees to deliver ten tons of coal to Static Energy Corporation. The agreement states that delivery is to be within ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
For financial reporting purposes, cash generally includes currency and other items that are payable on demand, such as checks, money orders, bank drafts, and certain savings accounts. True or False?
Answers (1)
Which of the following should have the strongest cause and effect relationship with overhead costs? Non-value-added costs. Cost drivers. Value-added costs. Cost followers. Units of output.
Answers (1)
Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 530,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much does the firm's market and book values per share differ?
Answers (1)
When a one percent change in price causes a change in quantity demanded greater than one percent, demand for the product is a. relatively elastic. b. unitary elastic. c. perfectly elastic. d. relatively inelastic.
Answers (1)
Suppose 52% of students support the idea of paying student government officers. A random sample of 400 students is taken.
Answers (1)
New Questions in Business
Which of the following is a disadvantage of the sole proprietorship form of ownership
Answers (2)
Products that are essential for life, such as water or groceries, yield more marginal utility than rare products, such as diamonds or luxury vehicles. A. True B. False.
Answers (1)
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost.
Answers (1)
Which of the following is true of internal recruiting? a. It increases recruitment time and costs. b. It targets job applicants that do not currently work for the organization. c. It improves employee commitment and morale. d.
Answers (2)
In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units purchased during the period. b. A new weighted-average unit cost is calculated each time additional units are purchased.
Answers (1)
Home » Business » Resourced Minerals Inc. agrees to deliver ten tons of coal to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days.
Sign Up Forgot Password?