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 hired someone for $17,000 instead of $25,000, so the additional $7,000 he paid Manfred is considered avoidable and not recoverable. Therefore, the court would likely order Shinji to pay the difference between the original contract price ($10,000) and the reasonable cost to hire someone else ($17,000), which is $7,000.

Shinji Contractually Agreed to Record a Concert for Keith