Andy enters into a contract with john to redecorate his new, Ask an Expert

Management Studies

Andy enters into a contract with John to redecorate his New York penthouse. John sets to work immediately. He install new wallpaper and lighting in Andy's house, and paint a mural of little cherubs on his dining room ceiling. Shortly thereafter, Andy breaches the agreement by refusing to pay for anything. John has spent $10,000 including labor on the installation of the wallpaper, lighting and mural, and the market value of these items is $15,000. The total redecorating contract was for $50,000.

(A) Assume that John cannot estimate with specificity what his cost of the completion would have been. If John sues, what damages can he collect? Explain.

(B) Now assume that the total contract price was $12,000. How much may John recover?

(C) Now assume that John has fully performed under the contract, and Andy has refused to pay anything. John spent $25,000 to perform. The market value of the new decor is $60,000. The total contract price was $50,000. What damages can John recover?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91884963

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 how does diversity impact a grouphow does this impact

1. How does diversity impact a group? How does this impact decision making? Provide some rel life examples from your work experiences. (Please answer in 4-5 Sentences) 2. Name the different generational cohorts. What are ...

1 if you ask your friend to carry out a task for you as a

1. If you ask your friend to carry out a task for you as a favour and he does it carelessly, you cannot bring an action against him for breach of contract. Why? 2. After reading Vodaphone’s strategic report from 2017, cr ...

1 discuss how you would approach marketing a medical office

1. Discuss how you would approach marketing a medical office building versus marketing for retail tenants. 2. Compare and contrast the effectiveness of electronic marketing with other prospecting approaches such as open ...

A company has fixed cost of 45000 variable cost per unit of

A company has fixed cost of $45,000, variable cost per unit of $11, and sells its product at $18 each. a) What quantity must the firm sell in order to break-even? Explain how you reached this conclusion. b) What is the f ...

Need 250 words of primary post along with references and

Need 250 words of primary post along with references and also need 150 words(2 responses apart from primary post). You're working for a local coffee shop that offers free wireless access to customers. Your supervisor has ...

Your boss has told you to evaluate two ovens for think the

Your boss has told you to evaluate two ovens for Think the Thinkers, a gourmet sandwich shop. After some investigation, he determines that they have the following costs. He is told to assume that: a) The life of each mac ...

1 is the degree to which the bad-news message receiver can

1. _____ is the degree to which the bad-news message receiver can alter the outcome. Controllability Severity Likelihood Agility Adaptability 2. Juana wants to reject her colleague's idea. To deliver this bad news effect ...

Given many integrated schdeluing and planning systems such

Given many integrated schdeluing and planning systems, such as Master Production Scheduling (MPS), Materials Requirements Planning (MRP), Capacity Requirements Planning (CRP), and Distribution Requirements Planning (DRP) ...

1 needless markup nm a famous ldquohigh endrdquo department

1. Needless Markup (NM), a famous “high end” department store, must decide on the quantity of a high-priced woman’s handbag to procure in Spain for the coming Christmas season. The unit cost of the handbag to the store i ...

Regression and correlationmultiple regression analysis is

Regression and Correlation Multiple regression analysis is widely used in business research in order to forecast and predict purposes. It is also used to determine what independent variables have an influence on dependen ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert