Koln Enterprises Ltd is a music publisher that manufactures compact discs. In January, it agreed to record a jazz concert for Jade Nagoya, a pianist, in exchange for payment of $25 000. The recording was to take place in April. Under the terms of that agreement, Jade would then be entitled to sell the CDs to her own customers for her own profit. As soon as that contract was created, Koln orally assigned its rights to Bremen Collection Inc. In February, Koln breached a separate contract that it had with Jade. As a result of that breach, it became indebted to her for $5000. It has not yet paid that amount to her. In March, Bremen notified Jade of the assignment that it had received from Koln. Koln recorded the concert in April and pressed it onto a set of CDs. When Jade received those discs, however, she noticed that while the sound quality was acceptable, the packaging did not satisfy the terms of her January agreement with Koln. As a result of the shoddy packaging, Jade lost $3000 on the re- sale of the CDs to her own customers. How much money is Bremen entitled to collect from Jade? Explain your answer.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q11: Tracey is a police officer.While she was
Q61: Paradise Publishing Inc entered into a contract
Q62: Dawn Sumi hosts a national call-in radio
Q65: "The law of contract assumes that people
Q65: Briefly describe the requirements that must exist
Q67: Explain the relationship between offer and acceptance
Q67: "A promise to perform a pre-existing contractual
Q68: Identify and explain two situations in which
Q72: Under the Electronic Home Business Administration Act,any
Q72: Identify the circumstances in which an employee
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents