Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Management Studies


Home >> Business Management

Lee Oldsmobile sells Rolls-Royce automobiles. Mrs. Kaiden sent Lee a $25,000 deposit on a $135,500 1999 RollsRoyce. Although Lee informed Mrs. Kaiden that the car would be delivered in November, the order form did not indicate the delivery date and contained a disclaimer for delay or failure to deliver due to circumstances beyond the dealer's control.

On November 21, Mrs. Kaiden purchased another car from another dealer and canceled her car from Lee. When Lee attempted to deliver a Rolls-Royce to Mrs. Kaiden on November 29, Mrs. Kaiden refused to accept delivery.

Lee later sold the car for $130,495.00. Mrs. Kaiden sued Lee for her $25,000 deposit plus interest.

Lee counterclaims, based on the terms of the contract, for liquidated damages of $25,000 (the amount of the deposit) as a result of Mrs. Kaiden's breach of contract. What are the rights of the parties?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92196553

Have any Question?


Related Questions in Business Management

Describe in full sentences the hypothesis testing steps in

Describe in full sentences the hypothesis testing steps in statistics & provide an example to solve by using hypothesis testing.

What are other contemporary issues regarding global

What are other contemporary issues regarding global organization structures?

Assume xyz company produces table and chairs with the

Assume XYZ Company produces table and chairs with the following total cost function, TC=10,000+10Q+0.2Q2, where Q=quantity of chairs produced. If XYZ Companycan sell as many chairs it wishes at the current market price o ...

Has to be in apa format for documentyour company has seen

Has to be in APA format for document. Your company has seen important internal projects go off track during execution. After the fact analysis has revealed the common factors of inadequate controls and unremarkable but u ...

You are given the following cost functiontc80q--4q201q3a

You are given the following cost function: TC=80Q--4Q^2+0.1Q^3 a. Derive the average variable cost, average cost, and marginal cost equations. b. Over what range of output does economies of scale exist? Diseconomies of s ...

What kind of society would probably encourage leaders to

What kind of society would probably encourage leaders to be autocratic? What kind of society would encourage them to be participative?

Your companys it department experiences a great deal of

Your company's IT department experiences a great deal of conflict in connection with its projects. There is a constant tension between finding new resources for important new projects and maintaining support resources to ...

Design a automatic room climate control system with

Design a automatic room climate control system with contextual model, state transition diagram

What is the difference between a leader and manager when it

What is the difference between a leader and manager when it comes to addressing organizational change? What indications are there as to when leadership or management is most appropriate? Is measurement a management or a ...

Describe different networking methods and the advantages

Describe different networking methods and the advantages and disadvantages of them?

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved