ACC 480 Exam 2 practice Questions And Answers 100% Verified

ACC 480 Exam 2 practice Questions And Answers 100% Verified Duffy and Elbert agree to hijack a truck carrying a load of almonds. Duffy later refuses to go through with the crime. Elbert can - answernot enforce the agreement or recover damages. Ira orally agrees to buy a unique collection of sports memorabilia for $1,000 from Jane and sends her $250 as a down payment. When Ira sends her the rest of the price, Jane refuses to ship Ira the collection. Ira should seek - answerspecific performance. Lou and Mira want to rescind their contract under which Lou sold an MP3 player to Mira for $50. To rescind the contract - answerLou must return the $50 and Mira must return the player. Home Delivery Corporation and Interstate Transport, Inc., sign an agreement that provides for the payment of "$1,000 by whichever party commits a material breach of the contract that creates damages difficult to estimate but approximately $1,000." This is - answera liquidated damages clause. Mona contracts to repair a computer for New Data, Inc. (NDI). Mona knows that without the computer, NDI will lose a sale. Mona does not perform as promised. NDI files a suit against Mona. As consequential damages, NDI can recover - answerthe loss of profit from the lost sale. Ace Contractors, Inc., agrees to build a motel for Best Motels Corporation. The project proceeds according to plan, but before it is done, Best tells Ace to quit. Ace may recover - answerprofits plus the costs incurred up to the time of the breach. Carol pays Dick $10,000 for Dick to design an advertising campaign for Carol's health club. The next day, Dick tells Carol that he has accepted a job in New York and cannot design the campaign. Carol files a suit against Dick. As compensatory damages, Carol can recover - answer$10,000. Eagle Products, Inc., breaches its contract with Federated Stores Company. Federated files a suit to recover compensatory damages, which are normally assessed to - answercompensate a nonbreaching party for the loss of a bargain. Kris contracts to work exclusively for Local Company during May for $5,000. On April 30, Local cancels the contract. Kris finds another job during May but earns only $3,000. Kris files a suit against Local. As compensatory damages, Kris can recover - answer$2,000.