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X Co. is a retail dealer of garden tractors. Mr. Y signs a contract to buy a garden tractor for $400 but later backs out of the agreement. The tractor that Y agreed to buy is subsequently sold to Mr. Z for $380. The average cost of a garden tractor to X co. is $260, and the average variable cost is $220. The marginal cost to X co. of supplying an additional tractor to a customer is $300.
X Co. sues Y for breach of contract. How much damages should be awarded to X co? You must explain your answer to get any credit.
Formation and Characteristics of Agency An agency may come into existence by the following ways: Contract (Appointment) or agreement Further this can be done in any
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Jordan is the director a big engineering Company. Tyson is the Chief Engineer of the company. He is working on the company's new project, namely the construction of a new building
Legal Status: A promoter is not an agent of the company he promotes. However, the English courts have held that he stands in a fiduciary relationship to the company he promo
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