Reference no: EM132750085
Question - Anita had a ten-year contract with city of West Haven to operate the city's visitor and convention bureau. For a variety of reasons, Anita and the city manager had several major differences of opinion. With seven years still remaining on the contract, the city unilaterally cancelled the contract and ceased paying Anita her salary and other benefits. Anita sued the city, and the court found the city liable for breach of contract. At the time the contract was terminated (at the beginning of the fourth year of the contract), Anita was 55 years old, and when the court liability ruling was issued Anita was 57. The present value of the lost salary and benefits for the last seven years of the contract are respectively: $110,000, $112,000, $113,000, $115,000, $116,000, $117,000, and $135,000.
Below is a table from the National Vital Statistic Report identifying the number of people alive out of 100,000 people for females in the United States for ages 50 - 67:
Age Number Alive
50 95,733
51 95,445
52 95,139
53 94,813
54 94,462
55 94,085
56 93,676
57 93,213
58 92,754
59 92,235
60 91,672
61 91,058
62 90,385
63 89,674
64 88,842
65 87,974
66 87,043
67 86,045
Required -
(a) Adjusting for the probability of life, Anita's total damages would be:
(b) Assume all other issues in the case remain the same except that Anita was 60 years old at the time of the breach of contract, and she is 61 at the time the court rules in her favor. Given this information, the amount of damages would be?
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