Ask Question
BusinessBusiness
10 January, 14:55

Joe plans to form Joe's Plumbing, Inc. He enters into a contract with Mary on Monday and then forms his corporation on Tuesday. Joe breaches the contract. Mary sues Joe and Joe's Plumbing, Inc. for breach of contract. A. Mary will lose the suit against Joe's Plumbing, Inc. B. Mary will lose the suit against Joe C. Mary will likely win the suit against Joe ... D. Joe is protected from liability for the acts of Joe's Plumbing, Inc.

+5
Answers (2)
  1. 10 January, 17:25
    0
    It would most likely be A.
  2. 10 January, 18:00
    0
    C. Mary will likely win the suit against Joe.

    Explanation:

    When Joe entered a contract with Mary on Monday, this means that he has to abide by the rules and is oblige to perform his duties regarding the contract. Forming his corporation on Tuesday breached the contract he made last Monday. Since the corporation occurred after he made a contract with Mary, then this means that Mary will likely win the suit against Joe.

    This means that Joe failed to perform what was agreed on the contract with Mary. "Time is essential" when it comes to prioritizing which contract is superior than the other.

    So, this explains the answer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Joe plans to form Joe's Plumbing, Inc. He enters into a contract with Mary on Monday and then forms his corporation on Tuesday. Joe ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
OrdOnline, a pure click company offering online auctioning, decides to launch a promotional program to increase its sales.
Answers (1)
Suppose that the U. S. government decides to charge wine consumers a tax. Before the tax, 20 million bottles of wine were sold every month at a price of $5 per bottle.
Answers (1)
Apples are selling for $1.50 a pound. each apple weighs, on average 0.50 pounds. you have $6.00. how many apples can you purchase?
Answers (1)
A listener who requires a lot of supporting evidence is a (n) content-oriented listener. action-oriented listener. people-oriented listener. time-oriented listener.
Answers (2)
Tim's credit card has an APR of 24 percent. What is the periodic rate for this credit card?
Answers (1)
New Questions in Business
A fire causes $25,000 in damage to company's tools and equipment. If the company has a commercial property insurance policy with $5,000 deductible, how much will the company have to pay to repair the damage?
Answers (1)
Exists when the entire supply of a good is controlled by a single seller
Answers (1)
On January 1, Mumford purchased 10% of Heller's common stock. On September 1, it purchased another 30% of Heller's common stock. During November, Heller declared and paid a cash dividend on its common stock.
Answers (1)
Explain 10 reasons why a joint stock company is preferable to a one man's business
Answers (1)
If fixed costs do not change, then marginal cost A. equals the change in average variable cost divided by the change in output. B. equals the change in variable cost divided by the change in output. C.
Answers (1)
Home » Business » Joe plans to form Joe's Plumbing, Inc. He enters into a contract with Mary on Monday and then forms his corporation on Tuesday. Joe breaches the contract. Mary sues Joe and Joe's Plumbing, Inc. for breach of contract. A.
Sign Up Forgot Password?