Isaac holds one ton of perishable fruit in storage for Juice Smoothies Corpo-ration. Juice Smoothies does not pay for the storage. Isaac sells the fruit to Kayo Beverage Company. This sale represents
A) a breach of contract
B) a mitigation of damages.
C) liquidated damages.
D) a quasi contract.
B
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The management concept of customer orientation motivates a company to spend large amounts on advertising to convince customers to buy the company's standard products.
Answer the following statement true (T) or false (F)
Mountain Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is
a. confiscation. b. defalcation. c. dumping. d. expropriation.
Post-merger control and the negotiated price paid by the acquirer are two of the most important issues in the terms to merger agreements.
Answer the following statement true (T) or false (F)
Finola, a certified public accountant, provides accounting serv¬ices to Global Trade Corporation. The services include preparing Global Trade's financial re-ports and issuing opinion letters based on the reports. In 2014, Global Trade falls into
serious financial trouble, but neither Finola'sreports nor her opinion let¬ters indicate this situation. Relying on Finola'sportrayal of Global Trade's finan¬cial situation, the firm borrows a large sum of money to build a new ship-ping facility. In lending Global Trade the money, Harbor City Bank relies on Finola'sopinion letter. Finolais aware of this reliance. If Finoladid not en¬gage in intentional fraud but was negligent, what is her potential liability?