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The Contract Signed by XYZ Ltd

question 87

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The contract signed by XYZ Ltd.and Charles provided that the company would receive a licence to use the computer program that Charles was creating,that Charles would complete the program by January 15,2012,that Charles would retain copyright,and that Charles would receive $10 000 on completion of his work.Two weeks before the due date,Charles told the president of the company that he was not going to complete on time.The president said,"Don't worry about it; get it done as soon as you can." Charles was 10 days late in completing the work.The delay caused the company to lose money,so it sued Charles for damages.On these facts (which you should assume can be proved) ,which of the following is false?


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