Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business law, the question and Discussion please MVCC Builders contracted to build a summer home for Mr. Schindler. The contract specified the installation of galvanized,

Business law, the question and Discussion please image text in transcribed
MVCC Builders contracted to build a summer home for Mr. Schindler. The contract specified the installation of "galvanized, lap welded, standard grade pipe, manufactured by Reading Co." for all of the plumbing. MVCC substituted another brand of galvanized pipe which was just as strong and durable, and cost the same. When Schindler found out, he refused to pay the $35,000 balance due on the contract, unless MVCC replaced all of the pipe. To replace the pipe would have cost MVCC $40,000 - 50,000. When MVCC sued Schindler for the $35,000.00 balance, Schindler argued that MVCC breached the contract because they failed to fully perform the exact terms of the contract. How will the Court rule? Why? Please discuss and explain what analysis the court will employ to decide if MVCC has SUBSTANTIALLY PERFORMED the contract

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

A Guide To Auditing Programmes And Projects

Authors: Andrew Schuster, APM Assurance SIG

1st Edition

191330521X, 978-1913305215

More Books

Students also viewed these Accounting questions

Question

Why has performance appraisal been so severely criticised?

Answered: 1 week ago