Drapery Makers Has Signed a Contract to Make and Sell

question 31

Multiple Choice

Drapery Makers has signed a contract to make and sell to Hyer curtains for 20 windows by March 31.Hyer,however,delays in giving Drapery Makers the dimensions it needs to know in order to do the work.In this case,Drapery Makers:

• A) may proceed to do the work when it receives the information if it performs reasonably.
• B) will get paid for their availability to perform even if they never make the curtains.
• C) has no remedies under the Code.
• D) can charge Hyer a per-day penalty for each day of the delay.

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Definitions:

Employment

The state of having a paid job or being engaged in a productive activity.

Marginal Wage Cost

The additional cost incurred by an employer for hiring one more unit of labor.

Wage Rate

The amount of money paid to an employee by an employer in exchange for work performed, usually expressed per hour, day, or piece.

Unionization

The process of organizing workers into a union, a collective organization that negotiates with employers over wages, working conditions, and other labor issues.