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DedPeter
27 days ago
5

Tyrion and Alchemist make a contract where Tyrion will pay $20,000 for 5.000 gallons of wild fire. Alchemist promises to deliver

the deadly chemical by August 29. On August 27. Alchemist informs Tyrion that he cannot perform on the contract. Tyrion then contacts Varys for the wild fire. Varys supplies him with 5,000 gallons for $17,000. Tyrion later sues Alchemist for breach of contract What may Tyrion recover from Alchemist? o a. $7000 b. $15,000 c. $27,000 d. $20,000 e. $5,000
Business
2 answers:
stepan [3.2K]27 days ago
4 0

Answer: $0

(One of the choices should be this)

Explanation: Since Tyrion did not incur any financial loss, he cannot obtain any monetary damages from the Alchemist.

Despite the breach of agreement due to Alchemist's failure to fulfill their end, Tyrion ended up benefiting financially as a result of this issue.

It's important to highlight that Tyrion had not made any payments prior to the contract's breach.

Imagine Tyrion had paid Varys a higher price for the wild fire, let’s say $25,000; in that case, he could pursue damages from the Alchemist equivalent to the amount he lost due to the breach, which would total $5,000.

Free_Kalibri [3.4K]27 days ago
3 0

Response:

The solution is: c. $ 27,000.

Clarification:

A breach of contract occurs when either side fails to abide by the contractual terms without a valid reason.

One type of breach is called the Material.

This refers to any party's failure to meet their contractual obligations, recognized as one of the most severe breaches. If a significant term is breached, the injured party may seek compensation.

In this scenario, since there was a contract involving a monetary disbursement that was not honored by the other party, Tyrion has grounds to claim damages in addition to what was originally paid, entitling him to recover $ 27,000 from Alchemist.

The solution is: c. $ 27,000.

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