Fact Pattern 22-1
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 22-1.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 22-1
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 22-1.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 finish the work within the deadline agreed upon in the contract. As a professional, he is expected to meet the expectations outlined in the contract with OPI. The fact that the work took longer than foreseen does not excuse him from his contractual obligations.

Fact Pattern 22-1 Nelson, an Accountant, Enters into a Contract to Provide Services