Kuznicki made a contract for the installation of a fire, Ask an Expert

Management Studies

Kuznicki made a contract for the installation of a fire detection system by Security Safety Corp. ("Security") for $498.

The contract was made one night and canceled at 9:00am the next morning.

Security then claimed one-third of the purchase price from Kuznicki by virtue of a provision in the contract that “in the event of cancellation of this agreement… the owner agrees to pay Thirty-Three and a Third (33 1/3%) percent of the contract price, as liquidated damages.”

Was Security Safety entitled to recover the amount claimed? Why or why not?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92473497

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