Lava Excavators, Inc., needs a drill to continue its operations and orders one for $3,000 from Mining Supplies Company. Lava tells Mining that it must receive the drill by Tuesday or it will lose $10,000. Mining ships the drill late. Lava can recover

a. $13,000.

b. $10,000.

c. $3,000.

d. $0.

Question

Business

Chris Greene

30 December, 03:27

Lava Excavators, Inc., needs a drill to continue its operations and orders one for $3,000 from Mining Supplies Company. Lava tells Mining that it must receive the drill by Tuesday or it will lose $10,000. Mining ships the drill late. Lava can recover

a. $13,000.

b. $10,000.

c. $3,000.

d. $0.

+1

Answers (1)

Know the Answer?

Raelynn · Answer 1

B) $10,000

Explanation:

In contract law, consequential damages are damages that the plaintiff can prove were caused by the defendant's failure to perform. Consequential damages are not limited to the amounts included in the contract.

In this case, Lava Excavators lost $10,000 because Mining Supplies didn't deliver the drill on time.

Lava Excavators, Inc., needs a drill to continue its operations and orders one for $3,000 from Mining Supplies Company. Lava tells Mining that it must receive the drill by Tuesday or it will lose $10,000. Mining ships the drill late. Lava can recovera. $13,000.b. $10,000.c. $3,000.d. $0.

Lava Excavators, Inc., needs a drill to continue its operations and orders one for $3,000 from Mining Supplies Company. Lava tells Mining that it must receive the drill by Tuesday or it will lose $10,000. Mining ships the drill late. Lava can recover

a. $13,000.

b. $10,000.

c. $3,000.

d. $0.