Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Employer signed a two year contract with accountant for two year's work at $80,000 per year. Employer breached the contract before the job started. Accountant
Employer signed a two year contract with accountant for two year's work at $80,000 per year. Employer breached the contract before the job started. Accountant signed a two year contract several days later with a new company for 70,000. If accountant sues the first employer for breach, how much would compensatory damages be? a. $100,000, an estimate of net profits plus any damages to accountant's reputation resulting from the breach. . | b. $20,000 [$10,000 times 2), the difference between salary in the breached contract and its replacement c. $160,000 [580,000 times 2) the net profit from the first contract that was breached. d. No damages would be awarded because the I second contract price is close to the first and was signed a few days later, so no 3 lost by accountant
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started