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Tiger Woods signs a two-year contract with Rolex to wear Rolex watches and serve as a spokesperson for the company. Rolex also is allowed in
- Tiger Woods signs a two-year contract with Rolex to wear Rolex watches and serve as a spokesperson for the company. Rolex also is allowed in the contract to make 500 limited edition Tiger Woods watches. Before the company begins making the watches, Tiger informs Rolex that he wants out of the contract. The profit margin on each watch is expected to be $1,000. Please select the most accurate statement relative to damages for a breach of contract:
- A.Specific performance for $500,000
- B.Expectation interest of $500,000
- C.Reliance interest of $500,000
- D.Restitution interest of $500,000
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
