Shinji Contractually Agreed to Record a Concert for Keith

question 36

Multiple Choice

Shinji contractually agreed to record a concert for Keith. The concert was to occur on November 8 and Keith was to pay a price of $10 000 on the same day. On October 15, Shinji informed Keith that he would not be able to record the concert. On November 2, Keith entered into a contract with his good friend, Manfred. Under the terms of that agreement, Manfred was required to record the concert on November 8 and Keith was required to pay $25 000. The evidence indicates that Keith could have easily hired someone other than Manfred for $17 000. Which of the following statements is TRUE? A court would probably order Shinji to pay Keith

• A) $25 000.
• B) $17 000.
• C) $10 000.
• D) $7000.
• E) $15 000.

---

Definitions:

Quadrant C

A framework or model section typically used in business or strategic planning to categorize information or outcomes.

Differential Markup

Differential markup refers to applying different percentages of markup to various products or services, based on factors like demand, cost, and competition.

Retailer's Cost

The total expenses incurred by a retailer in acquiring goods for sale, including purchase prices, shipping, and handling.

Psychoanalytic Theory

A theory of personality and therapeutic technique that attributes thoughts and actions to unconscious motives and conflicts.