Seller in Georgia and buyer in the Netherlands enter into a contract for the sale of goods,CIF port of Amsterdam.The seller refused to ship.The buyer brings an action for damages.In the United States,a court would probably rule that:

Question

Quizplus · Accepted Answer

The contract specifies CIF port of Amsterdam, which means that the seller is responsible for the cost, insurance, and freight until the goods reach the port of Amsterdam. If the seller refused to ship, it would be a breach of contract. Therefore, the buyer would be entitled to damages. In the United States, the damages for breach of contract are typically measured by the difference between the contract price and the market price of the goods at the port of shipment. Therefore, option B is the correct choice. Option A is not correct because the contract did not specify that the seller had to receive payment before shipping. Option C is not correct because it is not relevant when the documents would have been presented to the buyer for payment. Option D is not correct because we have a clear breach of contract by the seller's refusal to ship.

Seller in Georgia and Buyer in the Netherlands Enter into a Contract