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Technical Textile agreed by written contract to manufacture and sell 20,000 pounds of yarn to Jagger Brothers at a price of $2.15 per pound.
After Technical had manufactured, delivered, and been paid for 3,723 pounds of yarn, Jagger Brothers by letter informed Technical that it was repudiating the contract and that it would refuse any further yarn deliveries.
On August 12, the date of the letter, the market price of yarn was $1.90 per pound. The remaining 16,277 pounds were never manufactured. Technical sued Jagger Brothers for breach of contract. To what damages, if any, is Technical entitled? Explain.
The type of company can either be product or service related. It will be up to you to determine which type of project you would like to do and the scope of the project surrounding the two avenues above.
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