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Vanguard

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Vanguard

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 7, 2016 at 2:42 am #299560
    Abror
    Member
    • Topics: 75
    • Replies: 38
    • ☆☆

    Hi Mr Mike…
    What did the court decide about the Vanfuard case?
    Did the customer have to pay profit or the cost incurred in order to sell another Vanguard?
    Thank you.

    February 7, 2016 at 8:55 am #299583
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Because the supply of Vanguard cars exceeded demand, Robinson had lost a profit and could therefore recover that profit from Thompson

    OK?

    February 7, 2016 at 2:35 pm #299608
    Abror
    Member
    • Topics: 75
    • Replies: 38
    • ☆☆

    So they sold the car to another customer and received the money from him ,which gives them the same profit if they had sold the car to him.

    February 7, 2016 at 4:39 pm #299618
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Yes, but it took them 3 months to re-sell that car – that was clearly a lost profit for them

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