Explain how much will it be entitled to in damages

Assignment Help Business Management

Reference no: EM1385035

Q. Ace Calculators (AC) is a manufacturer. It entered into a contract with a retailer, Reliable Calculator (RC) for the sale of 100 new XYZ model calculators at $1000 each, for delivery in 6 months. AC would make a profit on this transaction of $50,000. Six months later explain however the XYZ model has become almost obsolete; its market price is only $100 at which time. RC refuses to accept or pay for those calculators. If AC sues, explain how much will it be entitled to in damages? (Ignore any incidental expenses or cost savings to AC.)

A) Nothing; when the XYZ model became almost obsolete, this excused RC from the contract

B) $50,000, the profit AC would have made had RC not breached the contract

C) $90,000, the difference between market price and contract price

D) $140,000, the lost profit plus the difference between market price and contract price

Reference no: EM1385035

Questions Cloud

Dna testing based on valid scientific theory : Suppose if we had a population of 1000 individuals, how many would be feebleminded? How many would be carriers for feeblemindedness? Is mitochondrial DNA testing based on valid scientific theory?

What is the amplitude of sound-wave pressure variation : At full power, how long would it take for car to accelerate from 0 to 56 mph? Neglect friction and air resistance.

Where will the end of the spring line up with the ruler mark : Consider the system with m1 = 24kg, m2 = 14.60kg, R = 0.1400m, and the mass of the pulley M = 5.0kg. Object m2 is resting on the floor, and object m1 is 4.600m above the floor when it is released from rest. The pulley axis is frictionless. The cor..

What three questions would you ask a prospective employer : What three questions would you ask a prospective employer before you would consider accepting a job offer? Further, if you did take the job,

Explain how much will it be entitled to in damages : its market price is only $100 at which time. RC refuses to accept or pay for those calculators. If AC sues, explain how much will it be entitled to in damages.

Calculating the ph of solution : A 1.50 L buffer solution is 0.250 M in HF and 0.250 M in NaF. Calculate the pH of the solution after the addition of 0.0500 moles of solid NaOH. Assume no volume change upon the addition of base. The Ka for HF is 3.5 x 10 -4 .

Why should or should not p and g compete in the green : Why should or should not P&G compete in the green shampoo category? (Support your argument for either decision you think they should choose.)

What is the magnitude of the phase difference of the waves : Three stars, each with the mass and radius of our sun, form the equilateral triangle 5.0×109 {rm m} on a side. If all three are simultaneously released from rest, what are their speeds as they crash together in the center.

Illustrate what if anything must your bank remit to nora : Paul and Penelope fall in love with the house and purchase it for $850,000. Illustrate what if anything must Your Bank remit to Nora and Jed?

User Account

All Pages