Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for damages. Neal will be able to recover
A. the amount in the liquidated damages clause.
B. the difference between Solomon's contract price and the amount paid by Renny.
C. Solomon's contract price.
D. an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.
Answer: B
You might also like to view...
How has intense global competition affected the American labor movement?
What will be an ideal response?
Class audiences tend to have which characteristic as compared to public audiences?
a. To be more homogeneous b. To be more heterogeneous c. To be larger d. To be more diverse
The statement of stockholders' equity does not show the changes to the Retained Earnings account because that information is provided in the statement of retained earnings
Indicate whether the statement is true or false
Managers of effective work groups tend to monitor the performance of their team members regularly, and they provide frequent feedback to them.
Answer the following statement true (T) or false (F)