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.
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Answer:
Ending balance of assets is $ 857,100
Explanation:
Computation of total assets of Kirk Corporation
Opening Assets $ 851,000
Purchase of equipment $ 6,100
Purchase of supplies for cash $ 0
Sale of land at cost $ 0
Agreement for storage space <u>$ 0</u>
Ending balance Assets $ 857,100
Purchase of equipment on credit increases assets
Purchase of supplies for cash is neutral. Supplies ( considered as included in inventory) is paid in cash asset increases and decreases
Sale of land at cost is also neutral for asset purposes
Agreement to rent storage space is not an executed transaction
According to Diffusion of Innovation, or order for an innovation to ultimately be adopted it has to be compatible with social norms.
The theory that obtains to explain how, why and at what rate new ideas and technology spread through cultures.
Answer:
A rights offering
Explanation:
Current shareholders can participate in a rights offering, by which they can purchase additional shares of the corporation. During a rights offering, current shareholders are given the first option to buy newly issued shares before those shares are offered to the general public.
Answer:
D would be the correct answer
