Question
Homeowner contracts with Roofer to replace the roof of Homeowner's garage. The contract price is $2,000 and the work is to be completed within 10
Homeowner contracts with Roofer to replace the roof of Homeowner's garage. The contract price is $2,000 and the work is to be completed within 10 days. Roofer begins the work in a timely manner by removing the old shingles. But, the new shingles specified in the contract are back-ordered from the manufacturer so Roofer is unable to immediately complete the job and promptly notifies Homeowner. A sudden and unpredicted storm passes through the area and some of Homeowner's property stored in the garage is damaged. Homeowner was present at the time of the storm.
Among the damaged items are a 1957 Ford Thunderbird Convertible in mint condition, some power tools, several original oil paintings created by Homeowner, and one original Jackson Pollack painting that Homeowner was making a reproduction of. The car, since its convertible top was down, will require a completely new interior at a cost of $20,000. The power tools have a fair market value of $500 and are totally destroyed. The Homeowner's original paintings have no cash value but Homeowner used $500 of materials in creating the paintings. Finally, the Pollack was seriously damaged, reducing its market value by exactly $2,000,000.
In a lawsuit for breach of contract, what amount of damages is Homeowner likely to be awarded?
Group of answer choices
a) $2,021,000 - the total value of all the enumerated losses
b) $21,000 - the value of the tools, original paintings, and car interior
c) $2,000 - the value of the contract for the job
d) $1,000 - the value of the tools and original paintings
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