A company, RM sponsored a marathon in which the prize money was $ 10,000. Company RM reserved the right to change or modify the terms and conditions at any time. Person M won the race. Company RM offered person M a prize of $ 1,000 instead of $ 10,000. To find: Existence of a contract between company RM and person M.

Question

Motor Vehicles Body Shops contracts to buy from Paint Supply & Equipment Headquarters, Inc., twenty-four spray paint guns at $30 each to be delivered by October 1. Paint Supply knows that Motor Vehicles Body Shops will use the guns to complete a special job by October 31 for a certain auto dealer. Motor Vehicles Body Shops expects to make $17,000 profit from the job. Paint Supply fails to deliver on October 1. Motor Vehicles Body Shops attempts to buy substitute spray guns, but must pay $40.00 for each and take delivery on October 15, cutting Motor Vehicles Body Shops' profits when the dealer arranges for some of the job to be done elsewhere. Motor Vehicles Body Shops sues Paint Supply. What is the measure of recovery?

Answer 1

Question

Chapter 12, Problem 1BS

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Case summary: A company, RM sponsored a marathon in which the prize money was $10,000. Company RM reserved the right to change or modify the terms and conditions at any time. Person M won the race. Company RM offered person M a prize of $1,000 instead of $10,000.

To find: Existence of a contract between company RM and person M.

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Motor Vehicles Body Shops contracts to buy from Paint Supply & Equipment Headquarters, Inc., twenty-four spray paint guns at $30 each to be delivered by October 1. Paint Supply knows that Motor Vehicles Body Shops will use the guns to complete a special job by October 31 for a certain auto dealer. Motor Vehicles Body Shops expects to make $17,000 profit from the job. Paint Supply fails to deliver on October 1. Motor Vehicles Body Shops attempts to buy substitute spray guns, but must pay $40.00 for each and take delivery on October 15, cutting Motor Vehicles Body Shops' profits when the dealer arranges for some of the job to be done elsewhere. Motor Vehicles Body Shops sues Paint Supply. What is the measure of recovery?

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