Contractor who builds expensive luxury custom homes

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Lindenwood Builders is a residential contractor who builds expensive luxury custom homes in St. Charles County. Bruno is a licensed electrician who Lindenwood has hired to perform all of the electrical work and wiring on Lindenwood's homes. One of the homes that was being built by Lindenwood caught fire and burned to the ground due to faulty wiring installed by Bruno. The construction of the home was only partially completed at the time of the fire. As a result of the fire, the buyer backed out of the purchase of the home. Lindenwood lost supplies and materials valued at $180,000 in the fire. Lindenwood also claims that it suffered $650,000 in lost profits on the sale. Bruno offers to pay Lindenwood $180,000 in lost supplies and materials Lindenwood demands payment of $650,000 as damages under the contract. What amount of damages is Lindenwood entitled to receive if it can prove Bruno's faulty wiring caused the fire? Explain.

Reference no: EM132102598

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