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Author Question: AB Developers signs a contract with CL Corp, agreeing to build a 20 million office for the ... (Read 44 times)

penza

  • Hero Member
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  • Posts: 1,022
on: Jun 24, 2018
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
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  • Posts: 326
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


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