Peter, a second-hand car dealer, purchased a car in the wholesale market for $15,000. Peter contracted to
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Question:
Peter, a second-hand car dealer, purchased a car in the wholesale market for $15,000. Peter contracted to sell the car to David for $20,000, but David refused to take delivery of the car. Peter sued David for breach of contract.
Requirement:
1. What damages can Peter claim?
2. If Peter later sells the car to another purchaser for $18,000, what damages, if any, would Peter be entitled to?
Related Book For
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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