Mae contracted to sell one thousand bushels of wheat to Lloyd at \($10.00\) per bushel. Just before Mae was to deliver the wheat, Lloyd notified her that he would not receive or accept the wheat. Mae sold the wheat for \($9.60\) per bushel, the market price, and later sued Lloyd for the difference of \($400.\) Lloyd claims he was not notified by Mae of the resale and hence is not liable. Is Lloyd correct? Why?