Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 21 (2 points) Bernd contracts to custom-build a car for Danielle for $50,000. It would cost Bernd $40,000 to build the car. Bernd has
Question 21 (2 points) Bernd contracts to custom-build a car for Danielle for $50,000. It would cost Bernd $40,000 to build the car. Bernd has started building the car and has spent $30,000. Danielle then repudiates the contract. Bernd has been paid nothing and can salvage nothing from the $30,000 he has spent. What is the amount of damages Bernd can claim? $40,000 $20,000 $50,000 $10,000 Question 22 (2 points) Shane contracts to sell Doug 2,000 shares of XYZ Corporation for $20 a share to be delivered on July 1. Shane breaches the contract by not delivering the shares. XYZ Corporation shares are publicly traded at $20 on the NASDAQ exchange on July 1. What is the amount of damages Doug can claim? The amount of direct damages. $40,000 $0 The amount of lost profit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started