Michael contracts to repair the turf at Ra-Lin Field, Home of UWG Wolves Football. Michael knows that without the repair, UWG will have to cancel the upcoming Wolves playoff game against Valdosta State. Michael does not perform as promised. As consequential damages, UWG can recover O 1) the cost of the new turf only. O 2) the difference between Michael's price and the actual cost of repair only. 3) the lost profit from the canceled game. O 4) nothing.

Michael contracts to repair the turf at Ra-Lin Field, Home of UWG Wolves Football. Michael knows that without the repair, UWG will have to cancel the upcoming Wolves playoff game against Valdosta State. Michael does not perform as promised. As consequential damages, UWG can recover O 1) the cost of the new turf only. O 2) the difference between Michael's price and the actual cost of repair only. 3) the lost profit from the canceled game. O 4) nothing.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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