Contracts Keyed to Kuneyback
0 of 3 questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You have to pass the previous Module’s quiz in order to start this quiz:
you have successfully completed the quiz.
Paul was overjoyed when he received the announcement from the Committee of Bar Examiners declaring that he had passed. However, he was even more pleased when the Law Office of Tania Shah (“Law office”) offered him an associate position. On December 1, Paul signed the written one-year employment contract with Law office. The contract provided for a $48,000 salary, with the one-year term commencing January 1.
Assume that on January 1, Paul failed to appear for work because he had accepted an associate position with The Law Office of Ilya Fuchs.
On January 31, after learning why Paul had not reported on January 1, Law Office hired Rachel to fill the position for the next 11 months at a total salary of $54,000, payable $4,500 per month.
If Law Office sues Paul on February 1, how much is Law Office entitled to recover, assuming judgment is rendered on February 28?Grading can be reviewed and adjusted.Grading can be reviewed and adjusted.
On March 1, Mario hired Joe to build a house for him. The house was to be situated on one acre, and have 4 bedrooms, 2 bathrooms, a family room, kitchen, dining room and finished basement with a half bathroom. Mario was to pay Joe $500,000 total for completion of this house, and it was to be done by June 1.
On May 1, Joe had completed roughly half of the house; the structure was complete but he had not completed the finished basement or plumbing in any of the bathrooms. In addition, many rooms were missing drywall, and final touches like cabinets were yet to be done. By this point, Mario had paid Joe $250,000, or half the contract price, and Joe had spent
$300,000 in labor and materials.
On May 2, Joe decided to stop showing up, and Mario was left with an incomplete house. It cost him $350,000 to have someone else complete the home to the specifications set forth in the contract between him and Joe, for a total of $600,000.
If Mario sues Joe for damages, how much will he recover?Grading can be reviewed and adjusted.Grading can be reviewed and adjusted.
Assume the same facts in Question 34, but instead, Mario fires Joe instead of Joe deciding to stop showing up. Joe has still been paid $250,000 and spent $300,000 in materials and labor. If he would have completed the job, his profit would have been $100,000.
If Joe sues Mario for damages, how much will he recover?Grading can be reviewed and adjusted.Grading can be reviewed and adjusted.