Jim contracted with Kevin to serve as a guide for Kevin on his three-week fishing trip to Canada. The contract was made on April 1 with the trip to begin on June 1. On May 1, Kevin notified Jim that he had changed his mind and would be unable to make the trip. He also refused to pay Jim any compensation.
a. Because the contract is executory, Jim has suffered no damages, and Kevin has no obligation to pay any compensation.
b. Kevin has anticipatorily repudiated the contract and is liable to Jim for damages.
c. If Kevin changes his mind again and decides to go on the trip, Jim will have to perform unless he has notified Kevin that he is canceling the contract.
d. Both (b) and (c) above are correct.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jim contracted with Kevin to serve as a guide for Kevin on his three-week fishing trip to Canada. The contract was made on April 1 with the ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What are some of the legislations that were passed during the 1960's as a result of the Civil Rights movement?
Answers (1)
What is it called when you directly compare two seemingly unlike things, saying one is like the other?
Answers (1)
Match the following: Part A: 1. having diverse human thinking, beliefs, and backgrounds within a society 2. to make more humanistic and take away the religious aspect of something 3. reversed; changed the outcome 4.
Answers (1)
When did akbar defeat in the second battle of panipat?
Answers (2)
How is the ability to choose one's career related to a nation's broad economic goals? It demonstrates ingenuity It illustrates entrepreneurship It reflects individual freedom It shows individual power
Answers (1)
New Questions in Social Studies
Which of these expressions should an American businessperson avoid in a meeting with foreign business representatives? a. "Today we will be discussing the new contract." b. "Let's run this idea up the flagpole." c. "Let's discuss this idea further.
Answers (1)
In a prisoner's dilemma, what type of behavior provides the most benefit for each individual? cooperate remain silent confess previousnext
Answers (1)
What development did cutler call unbelievable?
Answers (1)
One of the main questions of economics involves deciding upon the method for A) distributing goods and services B) creating goods and services C) pricing goods and services D) enhancing goods and services
Answers (1)
What is likely to happen if trade barriers are decreased between North American countries and other countries throughout the world?
Answers (1)