S agrees to sell B 10,000 widgets at a price of $1 per widget.After B breaches the contract,S resells the widgets for $0.90 per widget.As a result of selling the widgets at a lower price,S loses $100 in sales commissions.What amount can S recover from B?

A) Nothing
B) $100
C) $1,100
D) $1,000

Question

Christal Rhodeman · Accepted Answer

Final Answer : C, Explanation :  If the seller decides to resell the goods,he is entitled to recover from the buyer as damages the difference between the resale price and the price the buyer agreed to pay in the contract.

S agrees to sell B 10,000 widgets at a price of $1 per widget.After B breaches the contract,S resells the widgets for $0.90 per widget.As a result of selling the widgets at a lower price,S loses $100 in sales commissions.What amount can S recover from B?

A) Nothing
B) $100
C) $1,100
D) $1,000

Definitions

Learning Objectives

Learning Objectives

Related questions

S agrees to sell B 10,000 widgets at a price of $1 per widget.After B breaches the contract,S resells the widgets for $0.90 per widget.As a result of selling the widgets at a lower price,S loses $100 in sales commissions.What amount can S recover from B?A) NothingB) $100C) $1,100D) $1,000

Definitions

Learning Objectives

Learning Objectives

Related questions

S agrees to sell B 10,000 widgets at a price of $1 per widget.After B breaches the contract,S resells the widgets for $0.90 per widget.As a result of selling the widgets at a lower price,S loses $100 in sales commissions.What amount can S recover from B?

A) Nothing
B) $100
C) $1,100
D) $1,000