Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

business Law: Motor Vehicle Body Shops enters into a written, signed contract to buy from Paint Supply & Equipment HQ, Inc., twenty-four spray paint guns

business Law:

Motor Vehicle Body Shops enters into a written, signed contract to buy from Paint Supply & Equipment HQ, Inc., twenty-four spray paint guns at $30 each to be delivered by October 1. Paint Supply knows that Motor Vehicle Body Shops will use the guns to complete a special job by October 31 for a certain auto dealer. Motor Vehicle Body Shops expects to make $17,000 profit from the job. Paint Supply fails to deliver on October 1. Motor Vehicle Body Shops attempts to buy substitute spray guns, but he must pay $40 for each and cannot receive the replacement product until October 15, cutting Motor Vehicle Body Shops profits by $4,000 when the dealer arranges for some of the job to be done elsewhere. Motor Vehicle Body Shops sues Paint Supply. What different types of damages can be recovered by Motor Vehicle Body Shops, if any?

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

The Complete Guide To Real Estate Finance For Investment Properties

Authors: Steve Berges

1st Edition

0471647128, 978-0471647126

More Books

Students also viewed these Finance questions