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Nikolay [14]
3 years ago
15

Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. After three months of waiting f

or the sculpture to be delivered, Heidi discovers that the art dealer sold the sculpture to another buyer for $10,000 after her contract was signed. What remedy does Heidi have in this scenario
Business
1 answer:
Dominik [7]3 years ago
8 0

The remedy that Heidi has in this scenario is <u>D. Heidi is entitled</u> to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

<h3>What are the remedies for breach of contract?</h3>

Some of the legal remedies available to a party whose contract is <u>breached</u> are:

  • Compensatory damages
  • Specific performance
  • Contract rescission
  • Restitution.

<h3>Answer Options:</h3>

A. Heidi has no recourse in this scenario, because she accepted delivery of a non-conforming good.

B. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.

C. Heidi is only entitled to recover the money that she paid for the sculpture.

D. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

Thus, based on the scenario, Heidi is entitled to Compensatory damages, which award the plaintiff the monetary value of what she either lost or incurred because of the breach.

Learn more about Compensatory Damages at brainly.com/question/4395083

#SPJ1

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The answer is below

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Answer:

Total manufacturing costs for Part 003 is:_________  $ 38625

Explanation:

Beartowne Enterprises

Activity Based Costing

<em>We multiply the rate of of each activity with allocation base to get the indirect activity costs.</em>

Total manufacturing costs for Part 003 is:_________

Materials Costs $ 8,000

Materials handling  = 2,300 moves *$3.00​/move= $ 6900

Assembling = 1,650 machine hours * $ 6.0= $ 9900

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Total Manufacturing Costs $ 38625

Given Data

Part​ # ​      # Produced      Materials Costs ​       # Moves      Machine Hrs.

Part 001         1,450                $1,500                    300             500

Part 002        5,500               $4,000                      500             300

Part 003         3,950               $8,000                  2,300              1,650

Activity .        Indirect Activity       Allocation    Cost allocation rate

Est                   Costs                          base

Materials      $55,000             Material moves         $3.00​/move

Assembling $195,000             Machine hours        $6.00​/machine hour

Packaging       $70,000           ​# of finished units     $3.50​/finished unit

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