Which of the Following Was the Result on Appeal in Heritage

question 91

Multiple Choice

Which of the following was the result on appeal in Heritage Constructors,Inc.v.Chrietzberg Electric,Inc.and Richard Marc Chrietzberg,the case in the textbook involving a wastewater treatment plant improvement project in which the project's electrical work involved the use of a subcontractor,with the general contractor suing the subcontractor for withdrawing its bid?

• A)That the agreement between the contractor and the subcontractor fell within the statute of frauds and satisfied it; that the subcontractor was not liable for promissory estoppel damages; and that the subcontractor was not responsible for negligent misrepresentation damages.
• B)That the agreement between the contractor and the subcontractor fell within the statute of frauds and satisfied it; that the subcontractor was liable for promissory estoppel damages; and that the subcontractor was not responsible for negligent misrepresentation damages.
• C)That the agreement between the contractor and the subcontractor fell within the statute of frauds and satisfied it; that the subcontractor was liable for promissory estoppel damages; and that the subcontractor was responsible for negligent misrepresentation damages.
• D)That the agreement between the contractor and the subcontractor fell within the statute of frauds but failed to satisfy it; that the subcontractor was liable for promissory estoppel damages; and that the subcontractor was responsible for negligent misrepresentation damages.
• E)That the agreement between the contractor and the subcontractor fell within the statute of frauds but failed to satisfy it; that the subcontractor was not liable for promissory estoppel damages; and that the subcontractor was not responsible for negligent misrepresentation damages.

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Definitions:

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums.

Units

A measure of quantity that indicates the count or quantity of a product or service.

High-Low Method

An approach to estimate fixed and variable costs using the highest and lowest levels of activity.

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor costs.