Note: (1) The building is subject to a nonrecourse liability of $10,000, which is assumed by the partnership.…
Mr. Ralph Gough was under a preexisting duty to construct the trusses for the Kinney shoe store. The general contractor, Chuckrow, was never obligated to pay for the re-erection of those trusses no matter who’s fault if they fell according to the original agreement. Mr. Gough 's preexisting duty cannot operate as consideration or change Chuckrow 's offer to pay. Therefore the contract was not modified, and Chuckrow is obligated only for the original contract price. Hence Mr. Gough cannot recover the funds. (Robert Chuckrow Construction Company v. Gough, 1968)…
I chose Bed Bath & Beyond, Inc. because it is a retail store I frequent quite often. This project provided me the opportunity to research their finances and be able to see and understand as a customer, where my money is going when I shop there or any of their other affiliates, Christmas Tree Shops and Buy Buy Baby. Bed Bath & Beyond, Inc. is a publicly traded company on the stock market under the ticker symbol BBBY.…
NeedsLease entered into a ten-year operating lease for office space in accordance with ASC 840, Leases. It has neither renewal option nor the ability to negotiate for renewal per lease agreement. Within the leased premise, NeedsLease has placed into service various leasehold improvements that have economic useful lives of 12 years. In the lease agreement, there are certain provisions that may require the lessee to perform certain activities and to incur certain costs at the end of the lease term. Such provisions include:…
This instrument requests input from a landlord, tenant, and agent or property manager if any. Therefore, it is very essential that all parties prepare it together. Please provide following requested information and sign when needed.…
The confidentiality of this agreement and information of the company are special and unique assets and need to be protected from improper disclosure. In consideration of this, John Andrews agrees that for a period of two years following termination or removal from the company whether voluntary or involuntary will not directly or indirectly engage in any business competition with the Builders Licensing and Training…
Business owners and landlords have a duty to protect patrons and tenants from foreseeable criminal acts of third parties occurring on their premises.…
Period 4 Complete with one map per SPICE category ETAHAST: Events that are happening at the same time Map: shows the movement of slaves through transatlantic slave trade. Social(Soren) Date Event Significance ETAHAST 1664 Guns and alcohol are imported into native american societies.…
The lessee further agrees not to sublet the premises without written consent of the lessor. Lessee agrees not to make unlawful or offensive use of the premises, to not paint or make construction changes to the building without written consent from the lessor; to keep the premises in good repair and to deliver up the premises at the end of the term or sooner lawful termination of this lease in as good repair and condition as at the beginning of the term. Lessee is responsible for outside maintenance, and to keep the building in good repair.…
What categories of costs would you expect to see in a list of MooBella start-up costs?…
The purpose of this assignment is to discuss the renovation of Danile and Sondra Estelle home. To finance the cost they obtained a line of credit from Banc One, Indiana, which periodic does inspections to disburse funds. When the bank did the inspection they found the work to be of poor quality. When Allen failed to act on the Estelle’s complaints, they filed a suit in an Indiana State court against Allen Construction and Allen personally.…
This paper will analyse the method of research to be used with regards to the Lifelong Learning Sector (LLS). It shall look at inclusive learning, integrating functional skills into the subject area as well as communication and the possible barriers involved and integrating functional skills (FS) into the subject being taught. When planning to carry out any learning, the above headings all interlink with each other; for the purpose of this document, I have split them in to sections.…
NeedsSpace is leasing space to rent corporate offices from WeHaveIt. According to ASC 840, NeedsSpace has entered into an operating lease with a lease term of 10 years as defined by the Glossary in ASC 840 (paragraph 5(f) of Statement 13). The lease will be terminated at the end of the 10 year term and NeedsSpace will not be given the option to renew. The lease agreement specifies that the lessee may have to perform certain tasks at the cost of the lessee when the lease term concludes. The 1st provision being that the lessee NeedsSpace may have to repair and perform maintenance on the grounds leased. To make the leased property more suitable for business, leasehold improvements such as temporary walls and carpet was installed. This leads to the 2nd provision that may require NeedsSpace to revert the leased grounds back to its original state, at the end of the term.…
Gravells (2009) notes that ‘A learning goal is what the learner wants to achieve, by attending a relevant programme of learning with you. The programme will be determined by the qualification content, published by an Awarding or Examining Body. You need to know what you are going to teach, and your learners need to know what they are going to learn. These should be formally negotiated and agreed. ‘…
(5) Food and dormitory services for the contractor’s employees at or near the contractor’s facilities.…