Mae contracted to sell one thousand bushels of wheat to Lloyd at ($10.00) per bushel. Just before
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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?
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Business Law And The Regulation Of Business
ISBN: 9781305509559
12th Edition
Authors: Richard A. Mann, Barry S. Roberts
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