Campus bus service entered into a contract with smith bus company to purchase 10 buses. one week before campus bus was scheduled to receive the buses, a fire destroyed smith's warehouse and the buses inside. as a result, campus bus had to purchase its buses at a slightly higher cost from another manufacturer. campus bus sues smith bus for damages for breach of contract under these circumstances. assume campus bus did not bear the risk of loss of the goods under the contract. in this scenario,
smith bus should be excused from performance under the clause for the rights on improper delivery
smith bus should not be excused from performance because it did not act in good faith
smith bus should be excused from performance under the test of commercial impracticability
smith bus can exercise its right of anticipatory repudiation
Answers: 3
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Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
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Campus bus service entered into a contract with smith bus company to purchase 10 buses. one week bef...
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