The issuance of a W-9 will determine if a person is an independent contractor. True False

A contractor may typically terminate a construction contract for convenience. True False   An owner may typically terminate a construction contract for convenience. True False

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Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?

What is an accord? Multiple Choice O O O O A promise to perform a new duty Actual performance of a new duty An agreement to cancel the original contract A promise to perform the original duty under the contract

Drehman Paving & Flooring Co. installed a brick floor at Cumberland Farms that its salesman promised would be “just like” another floor Cumberland had installed several years earlier. The bricks in the new floor came loose because Drehman had failed to install expansion joints. Expansion joints were not included in the second floor contract but were part of the first. Can Cumberland recover? Under what theory?

Abroducer has taken an application for an individual Disablay In CORRECT about this situation? ΟΛ 8 OD Y, CBS & GAS Since the producer collected a premium when taking the application, the road is As soon as the insurance company receives the application aren, wil policy. The Insurance company will be a policy to the applicant only the tongy te issued the appearty The insurance company will complete standard underwriting procedures before making a decision abt whether to was the op codeed Whe to may ad te led the ac à pricy to the with the ide dang the de time with p

A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance weather pure parametric aggregate loss index parametric index

Roland, a self-employed stenographer who files a Schedule C, uses a room in his home exclusively for preparing depositions, producing documents, and negotiating contracts with clients. The room is not used for any other purpose. Since the room in Roland's home is a separately identifiable space and is used only for his business, it meets which requirement and may qualify for a home office deduction under the general rule? A) Office Equipment Requirement B) Exclusive Use Requirement C) Regular Use Requirement D) Principal Place of Business Requirement

On January 2, 2019, Epson Company signed an 8-year non-cancellable lease for a new machine, requiring P120,000 annual payments at the beginning of each year. The machine has an estimated life of 12 years, with no salvage value. Title passes to Epson at the lease expiration date. Epson uses straight-line method of depreciation for all of its plant asses. Aggregate lease payments have a present value on January 2, 2017, of P864,000 based on an appropriate rate of interest. For 2018, how much should Epson record as depreciation expense for the leased machine?