Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fran contracted with Greg's Garages to construct a new 12' times 12' garage. When the garage was finished it measured 12' times 11'11.8 and Fran

image text in transcribed
Fran contracted with Greg's Garages to construct a new 12' times 12' garage. When the garage was finished it measured 12' times 11'11.8" and Fran refused to pay. Fran sued Greg for breach of contract seeking to rescind the contract. Greg countersued for breach of contract requesting monetary damages. The likely result would be: Since there was substantial performance, rescission would likely not be granted. Greg would recover compensatory damages with some offset/adjustment to the damages for the minor difference in the size of the garage. The Court would rescind the contract, as the contract was not fully performed according to the specifications. The Court would rescind the contract, due to a unilateral mistake. Rescission would be denied, because Fran didn't object to the variation on a timely basis. None of the above

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

Health And Safety Environment And Quality Audits

Authors: Stephen Asbury

1st Edition

9780750680264, 978-0750680264

More Books

Students also viewed these Accounting questions