Examlex
Which of the following should a financial manager consider when analyzing a capital budgeting project?
I.project start up costs
II.timing of all projected cash flows
III.dependability of future cash flows
IV.dollar amount of each projected cash flow
Quantum Meruit
A Latin term meaning "as much as he has earned," used in legal context to denote compensation deserved for services or work done when no contract exists.
Substantial Performance
A legal concept that a contract has been completed enough to fulfill its purpose, even if all details have not been precisely met.
Anticipatory Breach
A situation in contract law where one party indicates in advance that they will not fulfill their contractual obligations.
Frustrated Contract
A contract under which performance by a party is rendered impossible due to an unexpected or unforeseen change in circumstances affecting the agreement.
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