Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Disconto, a large appliance retailer in Sao Paolo, Brazil contacts Bailey Appliance, in Miami, Florida, and is interested in purchasing 800 refrigerators. It tells Bailey

Disconto, a large appliance retailer in Sao Paolo, Brazil contacts Bailey Appliance, in Miami, Florida, and is interested in purchasing 800 refrigerators. It tells Bailey that it needs the refrigerators for a major holiday sale that will take place in a few weeks. Bailey agrees to sell the 800 refrigerators for $400,000 ($500 each) and deliver them one week before the holiday. Disconto had planned to sell the refrigerators for $800 apiece and expected to sell all of them, since this was the biggest shopping holiday of the year in Brazil. Unfortunately, the refrigerators do not arrive until just after the holiday is over. Moreover, 100 of the refrigerators would not power up when plugged in. Disconto sues Bailey for damages.

Describe below what types of damages, if any, for which Bailey is liable?

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

Small Business Management Entrepreneurship and Beyond

Authors: Timothy s. Hatten

5th edition

538453141, 978-0538453141

More Books

Students also viewed these General Management questions