Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jorah agreed to sell his speedboat to Dani for $20,000. Dani made an initial payment of $10,000, with the remainder of the purchase price to

Jorah agreed to sell his speedboat to Dani for $20,000. Dani made an initial payment of $10,000, with the remainder of the purchase price to be paid when the speedboat was delivered. Before Jorah delivered the boat, he had it appraised and was surprised to find out that its market value was $30,000. He has as a result refused to deliver the boat to Dani unless she pays him an extra $10,000. Dani refuses to pay the extra amount and sues Jorah for breach of contract. She has asked the court to award her $20,000 in damages. What are Dani's Damages? Explain and support your answer

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

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

Students also viewed these Law questions

Question

=+b) State the hypotheses.

Answered: 1 week ago