Asked by Araceli Valadez on Jul 11, 2024
Verified
Tom breached a sales contract to purchase goods from Jim. In addition to other remedies available, Jim may be able to recover commercially reasonable expenses incurred as a result of the breach. These expenses are:
A) incidental damages.
B) punitive damages.
C) liquidated damages.
D) extraordinary damages.
Incidental Damages
Expenses or costs that arise indirectly from a breach of contract or other wrongdoing, which may be recoverable under the law.
Breach
The violation or non-fulfillment of a legal obligation, contract, or agreement.
Expenses
Monetary outlays or expenditures that individuals, businesses, or other entities incur during their operations, which may include costs related to goods, services, operations, or investments.
- Navigate the vast options of relief available to parties in the aftermath of a breach, encompassing recovery of goods, compensation through damages, cover solutions, and replevin.
Verified Answer
SC
sophia carrollJul 14, 2024
Final Answer :
A
Explanation :
Incidental damages are costs that the non-breaching party (Jim, in this case) incurs as a direct result of the breach of contract. These can include expenses related to mitigating losses or costs incurred in finding a replacement transaction.
Learning Objectives
- Navigate the vast options of relief available to parties in the aftermath of a breach, encompassing recovery of goods, compensation through damages, cover solutions, and replevin.