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Walker Meeks is currently a party to two contracts. On the first contract he has...

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Accounting

Walker Meeks is currently a party to two contracts. On the first contract he has agreed to paint a portrait of a gentleman riding a horse. This portrait is for the wall of the gentlemans study. The gentleman chose Meeks for his realism in portraying the true feelings behind portrait models. Meeks second contract is to paint the house of Sue Sneed. Meeks is offered an employment contract for a large sum of money. He wishes to accept, but this would render him unable to complete the aforementioned contracts. Meeks delegates the painting of the portrait to his friend, Bob, an impressionist, and delegates the painting of Sues home to Ted, a professional house painter.

Neither the gentleman nor Sue intends to allow the delegation to occur. Comment on the probable outcome of both these contracts.

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