On August 1, Brian contractually agreed to purchase a diamond from Mila for $100 000.On that date, Brian prepaid half of the purchase price and promised to pay the other half upon delivery.Mila promised to deliver the diamond to Brian on October 1.The diamond has a unique size and shape.In anticipation of receiving it, Brian spent $25 000 on a custom-made ring that could accommodate the diamond.On September 1, political revolutions in several diamond producing countries disrupted the flow of diamonds.The diamond that was the subject of Brian and Mila's contract consequently increased in value to $150 000.Mila therefore refused to deliver the diamond to Brian.Which of the following is an accurate statement?
A) Brian is entitled to receive restitution of $100 000.
B) Brian is entitled to receive restitution of $150 000.
C) Brian is entitled to receive reliance damages of $25 000.
D) Brian is entitled to receive reliance damages of $75 000.
E) Brian is entitled to receive expectation damages of $150 000.
Correct Answer:
Verified
Q44: Iago contractually agreed to sell a particular
Q45: Judy organized a large fund-raising project for
Q46: Which of the following concepts limits the
Q47: Which of the following statements is TRUE?
A)A
Q48: Munchable Catering Company contractually agreed to cater
Q50: Manny contractually agreed with Akio Inc to
Q51: On May 1, George contractually agreed to
Q52: Restitution is
A)a cause of action that sometimes
Q53: Which of the following statements is TRUE
Q54: Joel rented his business premises from Crow
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