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Hi, can i get help with these questions? 3.330 On May 25, 1991, Smith contracted with Jackson to repair Smith's cabin cruiser. The work was
Hi, can i get help with these questions?
3.330 On May 25, 1991, Smith contracted with Jackson to repair Smith's cabin cruiser. The work was to begin on May 31, 1991. On May 26, 1991, the boat, while docked at Smith's pier, was destroyed by arson. Which of the following statements is correct with regard to the contract? a. Smith would not be liable to Jackson because of mutual mistake. b. Smith would be liable to Jackson for the profit Jackson would have made under the contract. c. Jackson would not be liable to Smith because performance by the parties would be impossible. d. Jackson would be liable to repair another boat owned by Smith. 3.343 Which of the following penalties is usually imposed against an accountant who, in the course of performing professional services, breaches contract duties owed to a client? a. Specific performance. b. Punitive damages. c. Money damages d. Rescission. 3.348 Price signed a contract to sell Wyatt a parcel of land for $90,000. The entire sales price was payable at the closing. Price has decided to keep the land. If Wyatt commences an action against Price, what relief is Wyatt most likely to receive? a. Specific performance. b. Compensatory damages and specific performance. c. Punitive damages. d. Compensatory damages and punitive damages Step by Step Solution
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