Author Question: AB Developers signs a contract with CL Corp, agreeing to build a 20 million office for the ... (Read 97 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?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

For a complete list of videos, visit our video library