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A roofer agrees to put a new roof on a gift shop by 1 December for a price of $3,000, The shop owner explains that

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A roofer agrees to put a new roof on a gift shop by 1 December for a price of $3,000, The shop owner explains that in the run up to Christmas last year the shop made a profit of $300 per day. The roofer therefore agrees that in the event of his not performing the contract on time he will pay $300 damages for every day that he is late, Both of the roofer's employees leave. The roofer does his best but cannot finish thejob until 6 December, The shopkeeper admits that trade in the area has been well down on last year and that this year the shop would only have made $150 profit per day. Which one of the following statements is true? The roofer will be entitled to the contract price, but will have to compensate the gift shop for the actual loss suffered. The roofer will therefore have to pay $150 per day damages

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