Examlex

Solved

Klint and Lorenz Agree to a Contract

question 9

Multiple Choice

Klint and Lorenz agree to a contract.Later, Klint alleges that his performance is impossible or at best impracticable because of circumstances unforeseen at the time the contract was formed.Hans files a suit, claiming breach.In Germany, if the court agrees with Klint, the most likely remedy is


Definitions:

Sales Budget

A detailed schedule showing expected sales expressed in both dollars and units.

Direct Labor Budget

An estimate of the total direct labor cost for a future period, considering the projected demands for production or services.

Required Production

The quantity of goods a business needs to produce in a specified period to meet sales forecasts and maintain desired inventory levels.

Merchandise Purchases Budget

A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period.

Related Questions