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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?
Consider an electric part with two components in series (component A and component B). Component has a reliability of 88%, while component B has a reliability of 94%. It is known that if the part fails, it will cost the company $1000. What is the sys..
The course is Energy Value Chain. You are a consultant working for an advisory company that prepares concise reports for clients to "educate" senior managers in the respective clients' organizations about topics with which they are not familiar.
Should Cree pursue LED backlighting, general lighting, or both? How do the technology and industry forecasts factor into your market choice? How is your choice affected by Cree’s internal capabilities and the kind of capabilities that it might develo..
Provide an overview of an organization you are familiar with or one that you research and include in your overview statistics that describe the organization
Assume that the coffeehouse's current order policy is to buy the beans every 8 weeks. The manager says that the ordering cost of S = $45 is only a guess.
Conduct an analysis of the presentation. Please do not provide a summary of the speech. Identifying the recommended outline for this informative presentations. Begin with a brief description of what the presentation is about. Present and argue your p..
LI uses the economic order quantity as their fixed order size. Suppose the opportunity cost of capital also all other inventory cost is 15percent annually also that there 50 weeks in a yr. Elucidate how many cans of cat food should CLI order at a ..
Compare and contrast the three major forms of private business ownership (sole proprietorships, partnerships, and C-corporations). Identify the pros and cons of each.
You are the top managers of a rapidly growing company that has been having great success in developing websites for large Fortune 500 companies. Currently, you employ over 150 highly skilled and qualified programmers, and to date you have operated wi..
Define the concept of "interoperability" as it relates to the creation, adoption and integration of EHR into the health delivery mechanism.
Must linear programming be employed under conditions of certainty? This solution discusses the usefulness of LP even under the degree of uncertainty in 241 words.
Research and briefly describe one or two lean initiatives in service organizations and then make an argument for or against adopting lean principles in service businesses. What is different about applying lean in a factory versus a service situation?..
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