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Lunna [17]
3 years ago
5

After Jim has gotten two different quotes for repairing his brakes, one from the dealership and one from a small, private mechan

ic, he choses to go with the small mechanic who has agreed to do his brakes for $200.00 less than the dealership. Jim takes his car to the mechanic who begins working on his brakes. After a week passes, the mechanic calls him and tells him he is in over his head and cannot fix his brakes. Jim goes over to pick up his car and finds his car in the mechanic's garage with the brakes disassembled around the mechanic's garage. What legal recourse does Jim have?
Business
1 answer:
Alinara [238K]3 years ago
6 0

Answer:

Primary estoppel

Explanation:

Primary estoppel is defined as the principle that a promise made by a promisor is enforceable most especially when a promisee believes the promise and this leads to a subsequent detriment.

In the given scenario Jim used a small mechanic to repair his brakes and was assured he could do the job.

However the mechanic calls him and tells him he is in over his head and cannot fix his brakes, and finds his car in the mechanic's garage with the brakes disassembled around the mechanic's garage.

He can resort to primary estoppel as a legal recourse.

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For each scenario, calculate the cross-price elasticity between the two goods and identify how the goods are related. Please use
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Answer:

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If cross price elasticity > 0, then the two goods are substitutes

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From this example we can see that the answer 2 tells us that butter and margarine are substitute goods for each other. When the price of margarine went up, more people switched to butter. You can increase the sales of one good, by increasing the price of the other.

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