Question: Under the Uniform Commercial Code ( UCC ) , how are compensatory damages calculated when a seller breaches a contract for the sale of goods?
Under the Uniform Commercial Code UCC how are compensatory damages calculated when a seller breaches a contract for the sale of goods?
Multiple Choice
By calculating the value of the buyers actual losses and then adding punitive damages.
By finding the difference between what the buyer would have paid for goods under the contract and the amount the buyer will have to pay to obtain the goods from another seller.
By a liquidated damage clause, which the UCC requires buyers and sellers to include in all contracts for the sale of goods.
By the price the seller had agreed to sell the goods for, and tripled to account for the buyers inconvenience.
By calculating the degree of inconvenience the buyer incurred because of the sellers breach of contract.
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