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In the winter of 2019, Hannah and Daniel decide to get married.They visit Grand Panama Beach Resort to check availability of banquet space for their
- In the winter of 2019, Hannah and Daniel decide to get married.They visit Grand Panama Beach Resort to check availability of banquet space for their wedding reception of approximately 100 people. They decide to reserve an evening in June 2020, the prime wedding month of the year.The contract involves a $7000 non-refundable deposit, approximately 10% of the total anticipated bill. In March of 2020 the pandemic erupts and the world changes, making any wedding reception impossible. They request a refund from Grand Panama Beach Resort, but the resort says that their deposit was non-refundable and will not be returned.
Using the contract law, assess the situation that the couple is in. What are they supposed to do?
- Answer "scenario 1"
- Answer "scenario 2"
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
978-1464168505
