Author Question: AB Developers signs a contract with CL Corp, agreeing to build a 20 million office for the ... (Read 47 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
AB Developers signs a contract with CL Corp, agreeing to build a 20 million office for the corporation. The construction contract was substantially performed. There were, however, a few minor breaches of the contract by AB Developers that made CL Corp incur damages worth 10,000. Which of the following is most likely to be true in this scenario?
 A) Since there was a breach of contract, CL Corp. may not pay any compensation to AB Developers.
 B) CL Corp. needs to pay the full price under the contract since the work was substantially performed.
 C) CL Corp. needs to pay the full price under the contract less the damages suffered by it.
 D) AB Developers needs to pay nominal damages to CL Corp. for breach of contract.

Question 2

Payment by check is a conditional payment.
  Indicate whether the statement is true or false



momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

C

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

For a complete list of videos, visit our video library