Business, 14.04.2020 23:59 mkeyes83

Restore Inc. contracts to resurface the pools at Swim Park by June 1. Restore knows that if performance is not timely, Swim Park will have to delay its seasonal opening. Restore finishes the job June 15. In a suit for breach, Swim Park can recover:.
A. the cost of new pools.
B. the difference between the contract and market prices for the work.
C. the loss of profit from the delayed opening.
D. nothing—the work is done.

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In accounting, profit relates to the money delivered to the owner as a result of a profitable market manufacturing process.

Profit is a metric of profitability, and it is the primary concern of the proprietor in the revenue process of market manufacturing.

The correct option is C. the loss of profit from the delayed opening.

Restore Inc was given the job of resurfacing the pools at Swim Park by June 1st. Restore Inc was unable to deliver by June 1 and completed the repair 15 days later, postponing Swim Park's season-opening.

Swim Park can sue for breach of contract and collect the profit lost as a result of the delayed opening since Restore Inc failed to execute on the contract's provisions, causing Swim Park to lose money.

The money which would be provided to Swim Park will be a profit estimate for the 15 days that the park should have been open.

To know more about the surplus and deficit of profit, refer to the link below:

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Answer from: alexisbarry7495

C. the loss of profit from the delayed opening.

Explanation:

The contract was for Restore Inc to resurface the pools at Swim Park by June 1. Restore Inc couldn't deliver by June 1 and finished the job 15 days later, thereby delaying the seasonal opening of Swim Park.

Swim Park can sue for breach of contract and recover the loss of profit from the delayed opening because Restore Inc failed to deliver according to the terms of the contract thereby making Swim Park lose profit.

The money to be paid to Swim Park would be an estimated profit for the 15 days the park should have been in operation.

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Restore Inc. contracts to resurface the pools at Swim Park by June 1. Restore knows that if performa...