Asked by Wendy Reynoso on Jul 11, 2024
Verified
If the buyer makes a wrongful rejection, the seller may resell the goods in good faith and in a commercially reasonable manner and the seller may recover from the buyer the difference between the contract price and the resale price, plus any incidental damages, minus expenses saved.
Wrongful Rejection
The unjustified refusal to accept the delivery of goods or services as per the terms of a contract, which can lead to a breach of contract lawsuit.
Resale Price
The price at which an item is sold after the first sale, from retailer to consumer.
Incidental Damages
Incidental damages refer to the costs incurred by one party due to another's breach of contract, including expenses directly resulting from the breach, such as costs to find a replacement.
- Appreciate the implications and available remedies following a breach of a sales contract by a buyer or seller.
- Ascertain the legal repercussions and corrective measures for improper rejection or denial of goods.
Verified Answer
Learning Objectives
- Appreciate the implications and available remedies following a breach of a sales contract by a buyer or seller.
- Ascertain the legal repercussions and corrective measures for improper rejection or denial of goods.
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