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Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576 Exercise 23
Mae contracted to sell one thousand bushels of wheat to Lloyd at $10 per bushel. Just before Mae was to deliver the wheat, Lloyd notified her that he would not receive or accept the wheat. Mae sold the wheat for $9.60 per bushel, the market price, and later sued Lloyd for the difference of $400. Lloyd claims he was not notified by Mae of the resale and hence is not liable. Is Lloyd correct? Why?
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Case summary:
L entered into contract w...
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
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