Shinji contractually agreed to record a concert for Keith. The concert was to occur on November 8 and Keith was to pay a price of $10 000 on the same day. On October 15, Shinji informed Keith that he would not be able to record the concert. On November 2, Keith entered into a contract with his good friend, Manfred. Under the terms of that agreement, Manfred was required to record the concert on November 8 and Keith was required to pay $25 000. The evidence indicates that Keith could have easily hired someone other than Manfred for $17 000. Which of the following statements is TRUE? A court would probably order Shinji to pay Keith

Question

Quizplus · Accepted Answer

Keith could have mitigated his damages by hiring someone for $17,000 instead of $25,000. The difference between the original contract price ($10,000) and the reasonable cost to hire another person ($17,000) is $7,000.

Shinji Contractually Agreed to Record a Concert for Keith