A contract for labor and materials need not be in writing, even if it is over $500.

Question:

A contract for labor and materials need not be in writing, even if it is over $500. Does the buyer of the labor and materials enjoy the same level of legal protection as if the contract were in writing?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Essentials of Business Law

ISBN: 978-1259917134

10th edition

Authors: Anthony Liuzzo

See More Books

Question Posted: Apr 17, 2019 12:49 PM

See More Questions

Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. Contracts for sale can be oral or written, express or implied. 1. ___________ 2. A...
Study each of the following cases. Answer the questions that follow with Yes or No. Galen, a purchasing agent for Ziff Construction Company, agreed orally with Houk Lumber to purchase 800 double-hung...
On June 12, 2002, Delta Corporation was awarded a $160,000 contract for testing a product. The contract consisted of $143,000 for labor and materials, and the remaining $17,000 was profit. The...
At the beginning of the current tennis season, on April 1, 2024, Kicked-Back Tennis Shops inventory consisted of 50 tennis racquets at a cost of $40 each. Kicked-Back uses a perpetual inventory...
The Dahlia Company has net income of $162,840. There are currently 29.38 days' sales in receivables. Total assets are $794,350, total receivables are $145,350, and the debt-equity ratio is .25. What...
List two features developed in the 2000s and that help database systems handle data-analytics workloads.
Redesign the VOCs adsorber of Example 9.15 for a breakthrough time of $4.0 \mathrm{~h}$. The pressure drop through the bed [calculated using the Ergun equation (2-95)] should not exceed \(1.0...
Data for Morton Chip Company and its industry averages follow. a. Calculate the indicated ratios for Morton. b. Construct the extended Du Pont equation for both Morton and the industry. c. Outline...
Please write the SQL query in Oracle as followed: The database can be downloaded via: https://www.oracletutorial.com/wp-content/uploads/2019/01/oracle-sample-database.zip For more information,...
On January 1, 2020, Doone Corporation acquired 80 percent of the outstanding voting stock of Rockne Company for $592,000 consideration. At the acquisition date, the fair value of the 20 percent...
Explain both sellers and buyers remedies for breach of contract.
Compare and contrast online auctions with actual live auctions.
Ted is in the rental real estate business. During 2015, Ted purchased and placed in service the following assets: Apartment building costing $300,000 (exclusive of $80,000 land): Placed in service...
A random sample of 60 business students required an average of 50.7 minutes to complete a statistics exam. Assume that the population standard deviation to complete the exam is 10.4 minutes....
1.What constant payment for the next 10 years (starting 1 year from now, 10 payments) would be equivalent to receiving $350 every other year starting 10 years from now. Assume the annual cost of...
You want to make money as market maker for used iPhone 14, which currently worth around $800. After testing the water, you discover the following patterns. If you set the bid-ask spread to $100 (e.g....
Determine the overall current in the circuit. (Assume 2 sig figs for the values below.) +1.5V 300 150 450
Gio's Restaurants is considering a project with the following expected cash flows: Year 0 1 2 Project Cash Flow (millions) $(240) 92 72 3 92 4 90 (Click on the icon in order to copy its contents into...
Two identical conducting spheres are separated by a fixed center to- center distance of 35 cm and have different charges. Initially, the spheres attract each other with a force of 0.099 N. The...
3M Company reports the following financial statement amounts in its 10-K report: a. Compute the receivables, inventory, and PPE turnover ratios for both 2018 and 2017. (Receivables turnover and...
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. In all states, the crime of bribery is limited to giving or taking money or property to...
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. The theft of goods from a vehicle in transit is known as hijacking.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. Shoplifting is the term that describes the theft of money by employees, such as...
How do laws originate? Explain the differences between various sources of law and describe the branches of government and their roles in creating, administering, and enforcing the law. In addition,...
1. Match the part of the microscope to the description on the right. 2. What is the total magnification if the ocular lens is 10x, and the objective lens is 100x? Show the calculations. 10 x 100 = 3....
ACC 550 Cost Accounting Module 4-1 Discussion Another Take on Flexible Budgets and Variance Analysis Comprehensive Variance Analysis Based on Ex Post Optimal Budget. The author presents a new...

A contract for labor and materials need not be in writing, even if it is over $500.

Question:

Step by Step Answer:

Yes the buyer of labor and materials ha...View the full answer

Essentials of Business Law

Students also viewed these Business questions