Question

Buildrite corporation contracts in writing to build a store for boutique stores for $1 million. in mid-project, boutique cancels the contract, and buildrite stops working. buildrite, which incurred costs of $600,000 and would have made a profit of $100,000, has a right to damages equal to:

Answer 1

For this question, they are asking about the compensatory damages. These damages are paid when someone needs to be compensated for loss injury or harm. For Buildrite, they are compensated for the materials they used and the profit amount totaling $700,000.