Mogul obtained a judgment against nickle. fairbanks is, Ask an Expert

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Phil Fairbanks was approached by Nickle Corporation to prepare the history of Nickle for $15,000. The president of Nickle told Fairbanks the job was his if he would agree to cleverly defame Nickle's leading competitor, Mogul Corporation, using sly innuendo and clever distortion of the facts. Fairbanks wrote the history. It turned out that the Mogul passages were neither sly nor clever, although they were defamatory, and Mogul obtained a judgment against Nickle. Fairbanks is seeking to collect the final $5,000 installment of the contract. Nickle refuses to pay and seeks to recover the $10,000 it has paid. In the event of a lawsuit,

A. Fairbanks will recover in quantum meruit for the value of his services.

B. The court will deny relief to either Fairbanks or Nickle.

C. Nickle will recover $10,000.

D. Fairbanks will recover $5,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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