Business 8th Edition by Marianne Jennings

Exercise 19

Boeing Company was scheduled to deliver several of its 747-400 jumbo jetliners to Northwest Airlines by December 31, 1988. Northwest set that deadline because it needed the $16 million in investment tax credits the planes would bring. Boeing missed the December 31 deadline, and Northwest wants to recover compensation from Boeing for the lost tax credits. Could Northwest recover for these lost credits?