Install new wallpaper and lighting in house
Course:- Operation Management
Reference No.:- EM13962009

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Operation Management

Andy enters into a contract with John to redecorate his New York penthouse. John sets to work immediately. He install new wallpaper and lighting in Andy's house, and paint a mural of little cherubs on his dining room ceiling. Shortly thereafter, Andy breaches the agreement by refusing to pay for anything. John has spent $10,000 including labor on the installation of the wallpaper, lighting and mural, and the market value of these items is $15,000. The total redecorating contract was for $50,000. (A) Assume that John cannot estimate with specificity what his cost of the completion would have been. If John sues, what damages can he collect? Explain. (B) Now assume that the total contract price was $12,000. How much may John recover? (C) Now assume that John has fully performed under the contract, and Andy has refused to pay anything. John spent $25,000 to perform. The market value of the new decor is $60,000. The total contract price was $50,000. What damages can John recover?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Operation Management) Materials
Have any of you worked at a company that had constructive conflict resolution processes or tools or gave training on constructive conflict resolution? If so, please share with
give a brief example of how a balanced scorecard could be developed and applied to some aspect of marketing. For my personal clarification, how is the balanced scorecard rel
Explain Porter’s five basic forces of competition. Gitman says that the goal of a firm is to maximize the wealth of its owners. What can financial managers do to achieve this
Read the article titled “Habits as Change Levers”. Reflecting on step eight (8) of kotter, Institutionalize the Change, identify a change that you implemented or was implement
Compare and contrast what a manager can show in a line graph, bar chart, pie chart, and control chart. Explain how it's possible for sales growth to decrease the value of a pr
Plot the constraints on a graph and determine which corner point is the optimal solution. What is the profit in the optimal solution? (Hint: use corner point solution method
Describe current issues in business that impact operations management, Please provide a response to the following discussion topic: Agility refers to the ability of an organiz
A marketing researcher is hired by a specialty retail firm. The retailer is trying to decide what level of lighting and what temperature it should maintain in its stores. How