Asked by
Dwayne Teamer
on Dec 19, 2024Verified
Cow's Milk LLC needs a certain part for its pasteurizing equipment to continue its operations and orders one for $3,000 from Dairy Supplies Inc. Cow's Milk tells Dairy Supplies that it must receive the part by Tuesday or it will lose $10,000. Dairy Supplies ships the part late. Cow's Milk can recover
A) $13,000.
B) $10,000.
C) $3,000.
D) $0.
Pastuerizing Equipment
Machinery used in the pasteurization process to sterilize food and drink products, such as milk, by heating them to eliminate pathogens.
Late Shipment
The act of delivering goods after the expected or agreed-upon delivery time.
Potential Loss
The possible negative financial impact or damage that could occur in the future.
- Acquire knowledge of the concepts and underpinnings of compensatory damages in instances of contract default.
Verified Answer
DW
Learning Objectives
- Acquire knowledge of the concepts and underpinnings of compensatory damages in instances of contract default.