Drake, a general contractor, received a bid from Vic's Paving, a subcontractor for a construction job and relied upon their bid when placing his own bid to win the contract offered by the local school district to build the new elementary school. Drake then contacted Vic to enter into a contract to do the paving work for the job. Vic told Drake that his bid was $5,000 short and that he could not move forward at that price. Vic demanded the extra $5,000. An irate Drake, found an alternate subcontractor to do the work for $2,000 more instead. Drake sued Vic for the $2,000. Evaluate their legal positions.

How does knowing about supply and demand

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Rats that received electric shocks were unlikely to develop ulcers if the