Boris Agrees to Paint Andrew's House on the Third Week

question 7

Multiple Choice

Boris agrees to paint Andrew's house on the third week of April 'provided it doesn't rain'. In which of the following situations has the contract been breached?

• A) Before performance, Boris is offered a more lucrative contract by Cynthia for the same period. Andrew and Boris agree to cancel their agreement.
• B) Before performance, Andrew's house burns down.
• C) On the third week of April, there is a torrential storm and it rains incessantly.
• D) Just before the third week of April, the paint manufacturer sends Boris the wrong kind of paint and he can only start the work a week later than planned.

---

Definitions:

Chart of Accounts

A structured list of all the financial accounts in the general ledger of a company.

Two-digit Numbering

Two-digit Numbering is a numerical system that uses two digits to identify or categorize items, often used for coding purposes in various contexts.

Accounts Payable

Funds that a company owes to its suppliers for products or services that have been delivered but remain unpaid.

Journalizing

The act of recording business transactions in the journal, forming the initial step of the accounting cycle.