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sertanlavr [38]
3 years ago
10

Meatpackers, Inc., enters into a contract with Nemiah’s Ranch for the delivery of a certain number of beef cattle on a set sched

ule. Nemiah’s delays the first delivery for five days, aware that Meatpackers loses a certain percentage of profit each day. An award to Meatpackers of consequential damages would
Business
1 answer:
zimovet [89]3 years ago
7 0

Answer:

provide Meatpackers with funds for a foreseeable loss beyond the contract.

Explanation:

  • Meatpackers lose a few percent each day as a result of the delay. Ideally, meatpackers would be awarded an award of consequential loss, which would fund meatpackers with a loss beyond the contract with the meatpackers.
  • so here Nemiah's failure to deliver on contract time is not only a matter of time for meatpackers, but as a result, they are losing money in terms of money affecting their business beyond the contract horizon.
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