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Gregory, a comedy writer, entered into a contract with Wessel, a comedian. The contract provided that Gregory would provide Wessel with a 15-minute monologue for his upcoming appearance on Comedy Hour and that Wessel would pay Gregory $250. All performers on Comedy Hour make $500 per appearance. As Gregory knows, the last time Wessel appeared on Comedy Hour he was asked to make special guest appearances at three local comedy clubs using the same monologue. He earned a total of $750 for the three performances. Shortly before Wessel was scheduled to appear on Comedy Hour, Gregory informed him that he was unable to provide the monologue. As a result, Wessel was forced to cancel his appearance. Wessel sued Gregory for breach of contract and requested damages of $1,250. What will result?
Income Inequality
The unequal distribution of income among a population, often measured by various statistical tools and indicators, highlighting disparities in wealth among individuals or groups.
Primary Problem
The fundamental or main issue that needs to be addressed or solved in a particular context.
Richest 10%
The segment of a population that holds the highest ten percent of wealth or income within a specified region or country.
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