Acme Manufacturing Co. and Compressors Institute of America, Inc. orally agreed that CIA would custom-manufacture a compressor for Acme at a price of $120,000. After CIA completed the work at a cost of $90,000, Acme notified CIA that the compressor was no longer needed. CIA is holding the compressor and has requested payment from Acme. CIA has been unable to resell the compressor for any price after reasonable attempts. CIA incurred storage fees of $2,000. If Acme refuses to pay CIA and CIA sues Acme, the most CIA will be entitled to recover is: Group of answer choices Nothing, because the contract was verbal only. As much as they want because the CIA has special powers. $120,000. $90,000. $122,000.
Acme Manufacturing Co. and Compressors Institute of America, Inc. orally agreed that CIA would custom-manufacture a compressor for Acme at a price of $120,000. After CIA completed the work at a cost of $90,000, Acme notified CIA that the compressor was no longer needed. CIA is holding the compressor and has requested payment from Acme. CIA has been unable to resell the compressor for any price after reasonable attempts. CIA incurred storage fees of $2,000. If Acme refuses to pay CIA and CIA sues Acme, the most CIA will be entitled to recover is:
Group of answer choices
Nothing, because the contract was verbal only.
As much as they want because the CIA has special powers.
$120,000.
$90,000.
$122,000.
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