Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sofit telephoned Brink Corp. and ordered a specially manufactured air conditioner for $1,900. Subsequently, Sofit realized that he miscalculated the area which was to be

Sofit telephoned Brink Corp. and ordered a specially manufactured air conditioner for $1,900. Subsequently, Sofit realized that he miscalculated the area which was to be cooled and concluded that the air conditioner would not be acceptable. Brink had already completed work on the air conditioner, demanded payment, and was unable to resell the unit at a reasonable price. If Sofit refuses to pay and Brink brings an action seeking as damages the price plus reasonable storage charges of $50, Brink will recover

Group of answer choices

Only the contract price of $1,900.

Nothing, because of the Statute of Frauds.

Only its lost profit.

The full $1,950

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

Accounting A Smart Approach

Authors: Mary Carey, Cathy Knowles

4th Edition

0198844808, 9780198844808

More Books

Students also viewed these Accounting questions

Question

Explain global human resource management.

Answered: 1 week ago

Question

Describe the grievance procedure in a union environment.

Answered: 1 week ago

Question

Discuss whistleblower protection under OSHA.

Answered: 1 week ago