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Able Builders,Inc

question 10

Essay

Able Builders,Inc.,contracts with Beach Assets Company to build a Cool Juice stand near Divers' Beach.The work is to begin on April 1 and be done by June 1,so that the stand can open for the summer.Able Builders does not finish until June 14.The stand opens but Beach Assets loses two weeks' early summer sales due to the delay.Is Beach Assets's duty to pay for the construction of the stand discharged


Definitions:

Active Approach

is a strategy in management or investing that involves taking specific actions to achieve a particular goal, as opposed to a passive or laissez-faire approach.

Natural Adjustments

Natural adjustments refer to the self-correcting mechanisms of markets or economies that respond to imbalances or disruptions without the need for external intervention.

Expansionary Gap

A situation where the actual output of an economy exceeds its potential output, typically characterized by increasing prices.

Self-corrects

Refers to the ability of a market or economic system to automatically adjust and return to equilibrium without outside intervention.

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