Ask Question
30 June, 02:08

Sayed and Ann form a contract under which Sayed agrees to sell Ann 500 copies of a book. The contract price is $3.50 per book. Sayed breaches the contract by not delivering the books to Ann by the deadline. At the time of the breach, the books are available from the publisher for $4.50 each. Ann's damages are:

a. $1,650.

b. $500.

c. $1,275.

d. $750

+4
Answers (1)
  1. 30 June, 02:37
    0
    b. $500

    Explanation:

    Ann's damages will be $500 for 500 copies

    Contract Price = $3.50

    Sales Price = $4.50

    = (Sales Price - Contract Price) * Number of copies

    = ($4.50 - $3.50) * 500

    =$1.00 * 500

    = $500
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sayed and Ann form a contract under which Sayed agrees to sell Ann 500 copies of a book. The contract price is $3.50 per book. Sayed ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers