Question
Business partners Angel, Lucy and Maria, have finally opened their new Miami-based upscale restaurant Noches, which specializes in authentic Latin American cuisine. The business is
Business partners Angel, Lucy and Maria, have finally opened their new Miami-based upscale restaurant "Noches", which specializes in authentic Latin American cuisine. The business is an instant success. Customers, including celebrities and influencers, travel from all over the country to eat at the restaurant.
Each night there is a wait list just to enter the restaurant. They are concerned that they cannot meet the increased demands and have plans to open two more restaurants within two years. In the meantime, they reinvested company profits into tripling the staff, expanding the eating and common areas, expanding the kitchen, and purchasing additional land to expand the parking lot. In total, they spent $2 million dollars in cash and accessed an additional $1.5 million dollar credit line.
At the current rate of business, they calculated a 6 months return on investment. The business hired Humberto & Sons to install five mega state-of-the-art commercial refrigerators and subzero freezers to store their substantially increased food inventory. The contract had a value of $250,000. Once fully operational, the new appliances could successfully store their entire food and beverage inventory valued at more than a $1 million dollars. After two weeks of waiting, the appliances finally arrived. However, two freezers were missing from the delivery inventory. There wasn't enough space to store all the inventory as originally planned.
The business owners reached out to the vendor to inform them of the problem but were told the owners were in Las Vegas working on another job. In all they loss 60 percent of their current frozen and perishable food inventory valued at $1.4 million and spent an additional $300,000 dollars in emergency equipment and inventory, which crippled the business's finances.
They filed a lawsuit against the vendor for breach of contract. Based on the information above, the business can seek which of the following remedies?
Answer: Injunction
According to the facts above, which of the following remedies would be appropriate to cover the $250,000.00 contract value.
Compensatory damages | ||
Consequential damages | ||
Nominal damages | ||
Liquidated damages |
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