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Please answer correct calculation asap plz both are questions For the next set of multiplechoice questions, consider a construction contract between a builder and a
Please answer correct calculation asap plz both are questions
For the next set of multiplechoice questions, consider a construction contract between a builder and a client, where V: $10,000 R = $1,000 P: $5,000 V: the client's value of performance: R: the client's reliance investment: and P =the contract price, payable on performance. Suppose that at the time the contact was made. the cost of performance to the builder is uncertain, but it was known that it will definitely take one of the following values: C={$5.000; $7,000; $9,000; $11,000}. ___ 23. It is efficient for the builder to breach this contract if it turns out that C=$5,000 C=$7,000 C=$9,000 C=$11,000. _ 24. Calculate the amount of expectation damages for this example. It is equal to: $1,000 55.000 510,000 $15,000 ___ 25. Under expectation damages, the builder will breach the contract ratherthan perform if Cequals 55.000 $7,000 $9,000 $11,000Step by Step Solution
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