Asked by
morgan mitola
on Nov 27, 2024Verified
Restore Inc. contracts to resurface the pools at Swim Park by June 1. Restore knows that if performance is not timely, Swim Park will have to delay its seasonal opening. Restore finishes the job June 15. In a suit for breach, Swim Park can recover
A) the cost of new pools.
B) the difference between the contract and market prices for the work.
C) the loss of profit from the delayed opening.
D) nothing-the work is done.
Breach
The violation or non-fulfillment of a contract, agreement, or duty.
Delayed Opening
A situation where the start of something, such as a business day or event, is postponed from its scheduled time.
Timely Performance
Executing or completing a task or duty within the allocated or agreed upon time frame.
- Comprehend the theories and fundamentals behind compensatory damages in cases of contract violations.
Verified Answer
CC
Learning Objectives
- Comprehend the theories and fundamentals behind compensatory damages in cases of contract violations.