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Mit Piping Company ships its only pump to National Hydraulics Corporation, the manufacturer, for repair. Mit hires Overland Transport, Inc., to take the pump to National Hydraulics and to return it to Mit as soon as the repair is complete. Mit is force to suspend operations without the pump, but Overland does not know this. Mit expects to be without the pump for five days and to lose profits of $5000. When the pump is not returned by the end of the fifth day, Mit rents a pump at a cost of $600 per day. Overland delays five more days before returning the pump. Mit files suit against overland, asking for compensatory and consequential damages. Will Mit recover? describe.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9102072

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