Multiple Choice
Ralph ordered the installation of a satellite dish from PrimeStar Ltd. for $595. The required minimum deposit was $95, however Ralph paid $200. When Ralph cancelled the order, PrimeStar refused to return the $200 calling it liquidating damages. Actual loss for a cancelled order is estimated by the plaintiff's attorney to be $75. The expected profits on this sale was $60. How much will Ralph end up paying for this cancelled order?
A) $200
B) $135
C) $95
D) $75
E) $60
Correct Answer:
Verified
Correct Answer:
Verified
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