Asked by Alison Vidas on May 07, 2024
Verified
In what three situations will a seller recover the price of goods plus incidental damages?
Incidental Damages
are secondary costs or expenses that arise indirectly from a breach of contract, beyond the direct damages or losses incurred.
Goods
Tangible items that are manufactured or produced for sale to consumers.
Price Recovery
The process of regaining the cost or value of something, often related to the selling price of goods or services after a period of lower prices or losses.
- Comprehend situations allowing for price recovery plus incidental damages.
Verified Answer
a. Where the buyer has accepted the goods;
b. Where conforming goods have been lost or damaged after the risk of loss has passed to the buyer.
c. Where the goods have been identified to the contract and there is no ready market available for their resale at a reasonable price.
Learning Objectives
- Comprehend situations allowing for price recovery plus incidental damages.
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