Management - Case 1 Peter Assessment Answer
Case 1:
Peter, a second-hand car dealer, purchased a car in the wholesale market for $15,000. Peter contracted to sell the car to David for $20,000, but David refused to take delivery of the car. Peter sued David for breach of contract.
Requirement:
(1) What damages can Peter claim?
(2) If Peter later sells the car to another purchaser for $18,000, what damages, if any, would Peter be entitled to?
Case 2:
The University wishes to appoint a new Vice-Chancellor and Chief Executive. It offers the job to Professor Chris Berlin of Namur University. A contract is signed on 1 June 201A, providing for a term of 3 years at $200,000 per year plus performance incentives. Professor Berlin is to take up her position on 1 December 201A. On 1 July 201A, Professor Berlin is seriously injured in a roller blade accident, and on the available medical advice, it is clear that she is not able to take up the appointment until 25 April 201B.
Discuss the legal enforcement of the contract between the University terminate and Professor Berlin.
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