Bingo is emerging as a rock star. His last five concerts have all sold out. Lucia signs a deal with Bingo to perform two concerts in one evening in Big City for a fee of 50,000 for both shows. Lucia then rents the Auditorium for that evening, guaranteeing to pay 50,000. Bingo promptly breaks the deal before any tickets are sold. Lucia sues, pointing out that the Auditorium seats 3,000 and she anticipated selling all tickets for an average of 40 each, for a total gross of 120,000. How much will Lucia recover, if anything?
 

Answer rating: 100% (QA)

Given Expenses incurred by Lucia are 50000 for payment to be paid to bingo 500... View the full answer