Problem regarding the liquidated damages

Assignment Help Business Management
Reference no: EM131096624

Anthony makes a contract to sell a rare painting to Laura for $100,000. The written contract specifies that if Anthony should fail to perform the contract, he will pay Laura $5,000 as liquidated damages. Anthony fails to deliver the painting and is sued by Laura for $5,000. Can she recover this amount?

Reference no: EM131096624

Questions Cloud

Problems with information systems analysis : Generally some of the problems with information systems analysis and design that arise later can be traced back to inadequate work during requirements determination phase. What steps would you take to avoid such issues?
Discuss the police response to domestic violence : Police response practices to domestic violence incidents and calls for service Mandatory criminal charging in domestic violence cases Crime data and trends in domestic violence Future approaches to police response in domestic violence incidents.
Regulating single monopoly firm-decreasing-cost industry : Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $10 million per year and a variable cost of $2 per bag no matter how many bags are produced. If this firm kept on in..
Traditional sources of information : For requirements determination, the traditional sources of information about a system include interviews, questionnaires, observation, and procedures, forms, and other useful documents.
Problem regarding the liquidated damages : Anthony makes a contract to sell a rare painting to Laura for $100,000. The written contract specifies that if Anthony should fail to perform the contract, he will pay Laura $5,000 as liquidated damages.
What is the best response function of the second mover : Suppose that inverse demand is given by p(Q) = a-bQ, where Q is total quantity supplied in the market. There are two firms in the market, each with a cost function of c(q) = cq, now assume that the first firm moves before the second firm. Explain why..
Shareholder of competent homebuilders corporation : Brock is a shareholder of Competent Homebuilders Corporation (CHC). For the last few years, business has not been profitable for CHC, and the firm has continued to lose money on its operations.
About the Danger of inflation : Which of the following is a danger of inflation?
Set of all unprintable ascii characters : Write Lex regular expressions (using character classes if you wish) that match the following sets of strings:(a) The set of all unprintable ASCII characters (those before the blank and the very last character)

Reviews

Write a Review

Business Management Questions & Answers

  Current make up of the eeoc

What is the current make up of the EEOC and what is the process in which complaints are brought to the board? Do you agree with this process? Why or Why not?

  Describe what challenges an hr department may face

Describe what challenges an HR department may face when their company decides to expand into other countries

  The benefit of providing the financial information

The benefit of providing the financial information should also be weighed against the cost of providing it.

  Short range trend chart of the operations appraisal cost

Set up a short range trend chart of the operations appraisal cost or production cost ratio using the following information:

  Describe what is job security

Anyone who is able to be promoted is an employee who has set goals and accomplished them - Explain why you agree or disagree with the above statement and support your response with references.

  A clothing company uses sweatshop labor to manufacture

A clothing company uses sweatshop labor to manufacture clothing products that contribute to low pricing, which is a consumer want.Many companies have engaged in sweatshop labor. Did the clothing company engage in unethical labor practices by ut..

  Explain arbitrator necessity not be a judge or even a lawyer

In an arbitration proceeding, the arbitrator necessity not be a judge or even a lawyer. How then can the arbitrator's decision have the force

  Summarize - ballard integrated managed services, inc.

Summarizing the Business problem in this handout - Ballard Integrated Managed Services, Inc.

  An office manager is concerned with declining productivity

an office manager is concerned with declining productivity. despite the fact that regularly monitors her clerical staff

  Steps to ensure deal with dark trait effectively

If you were this leader, what steps would you take to ensure that you deal with this dark trait effectively?

  Background for the letter

describing the situation and enclosing copies of receipts if they have them. They'll be notified of your decision within 10 to 20 business days.

  Illustrate what do you think are avon prospects in india

Illustrate what do you think are Avon prospects in India, given that the capita spending on beauty there is only $1, compared to among $100 and $200 in developed markets?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd