Pete contracts to sell Jill 100 widgets. The 100 widgets are located at Pete's business. The contract
Question:
Pete contracts to sell Jill 100 widgets. The 100 widgets are located at Pete's business. The contract does not state a place of delivery. The place of delivery is:
Jill's place of business.
Jill's home.
Pete's place of business.
Pete's home, if this is different from his place of business.
If the seller fails or refuses to deliver the goods called for in the contract, the buyer can purchase substitute goods and recover as damages from the seller.
What is the basic objective of the Uniform Commercial Code remedies for breach of contract?
S agrees to sell B 10,000 widgets at a price of $1.00 per widget. After B breaches the contract, S resells the widgets for $0.90 per widget. This costs S an additional $100 in sales commissions. What amount can S recover from B?
S agrees to sell B 10,000 widgets at a price of $1.00 per widget. After B breaches the contract, S resells the widgets for $0.90 per widget. However, this costs S an additional $100 in sales commissions. S saved $200 in shipping costs as the new customer was located closer to its factory. What amount can S recover from B?
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon