Fact Pattern 47-1
Nelson, an accountant, enters into a contract to provide services to Operational Processes, Inc. (OPI). Nelson does not finish the work within the contract's deadline. This causes OPI to fail to meet certain other deadlines owed to Prime Bank, which results in the firm's payment of penalties to the bank.
-Refer to Fact Pattern 47-1. Nelson is
A) liable for breach of contract.
B) not liable, because Nelson is a professional.
C) not liable, because Nelson's failure must have been OPI's fault.
D) not liable, because the work took longer than foreseen.

Question

Fact Pattern 47-1​
Nelson, an accountant, enters into a contract to provide services to Operational Processes, Inc. (OPI). Nelson does not finish the work within the contract's deadline. This causes OPI to fail to meet certain other deadlines owed to Prime Bank, which results in the firm's payment of penalties to the bank.
-Refer to Fact Pattern 47-1. Nelson is​
A) ​liable for breach of contract.
B) ​not liable, because Nelson is a professional.
C) ​not liable, because Nelson's failure must have been OPI's fault.
D) ​not liable, because the work took longer than foreseen.

Quizplus · Accepted Answer

Nelson is liable for breach of contract because he did not complete the work within the agreed upon deadline, which resulted in OPI's failure to meet deadlines owed to Prime Bank and incurring penalties. As an accountant, Nelson is a professional, but that does not excuse him from fulfilling his contractual obligations. The fact that the work took longer than foreseen does not absolve him of liability either, unless there was a valid excuse for the delay.

Fact Pattern 47-1​ Nelson, an Accountant, Enters into a Contract to Provide Services

Fact Pattern 47-1 Nelson, an Accountant, Enters into a Contract to Provide Services