Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Merry Music inherits an antique cello from her uncle, a famous musician. Merry contracts to sell the antique cello to Anystate College for display in

Merry Music inherits an antique cello from her uncle, a famous musician. Merry contracts to sell the antique cello to Anystate College for display in its music museum. Anystate College agrees to pay $50,000 for the cello, and promises to take delivery and pay for the cello at the beginning of the next school year. Over the summer, significant budget cuts force Anystate College to regret its decision, and it unjustifiably refuses to complete the purchase. As soon as Anystate College breaches, Merry Music hires an expert p. 819(at minimal cost) to appraise the cello who opines that it is worth at least $60,000. Merry offers the cello for sale in her store at that price, but to date has not found anyone who is interested in buying it. What damages if any might Merry Music seek from Anystate College?

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

Understanding Business Ethics

Authors: Peter A. Stanwick, Sarah D. Stanwick

3rd Edition

1506303234, 9781506303239

More Books

Students also viewed these Law questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago