Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Al's Appliance entered into a contracton February 1, 2020to purchase100 stovesfrom Stoves Corporation, which stoves were to be delivered on May 1, 2020.On March 1,

Al's Appliance entered into a contracton February 1, 2020to purchase100 stovesfrom Stoves Corporation, which stoves were to be delivered on May 1, 2020.On March 1, 2020,Stoves Corporationinformed Al that it would not be delivering thesestoveson May 1, 2020or at any time thereafter.Stoves Corporation, in fact, never delivered thesestoves. Al did not attempt to find another manufacturer from which to buy comparablestovesuntil May 2, 2020, and was not able to receive delivery of comparablestovesat the same price from another manufacturer until August 2, 2020. Al is now suingStoves Corporationfor $20,000, which is Al's estimate of his lost profits that he attributes to the fact that he had run out ofstovesto sell during that three-month period from May 2, 2020 until August 2, 2020, without the delivery of the 100 stoves fromStoves Corporation. How do you believe a court would decide this matter and why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions