Same facts as the preceding number, but the price is fixed at ₱1,000,000 without a statement of the price per square meter. Has B the right to enforce the contract with the corresponding reduction of the price to ₱900,000?

S sold to B a parcel of land with an area of 500 square meters at ₱2,000 per square meter. It turns out that the area is only 450 square meters. Has B the right to cancel or rescind the sale even if S is willing to accept a proportionate reduction of the price, or only ₱900,000?

S sold to B a piano for ₱100,000. It was agreed that payment shall be made within ten (10) days. Has B the right to demand delivery even before he has paid?

Question # 6Silliun Ltd. entered in to a contract to perform certain services.1. The total contract price is Rs. 80,000.2. The estimated costs of fulfilling these contractual obligations havebeen recently re-assessed to be Rs. 140,000. No work has yet beendone.3. A penalty of Rs. 30,000 is payable if the contract is to be cancelled.Required: Process the required journal entry

A Chartered accountant in practice issued a certificate showing original cost ofplant and machinery installed in premises of a client for Rs. 9 crores to save someregulatory fees for his client. However, original cost of plant and machinery wasRs.15 crore as per records of client. Which fundamental principle governingprofessional ethics is violated in this case

Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.a.Rs. 1,75,000.b.Rs. 1,86,667.c.Rs. 1.57,000.d.Rs. 1,17,400.