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Sheila Entered into a Contract to Sell Her Honda Civic

Question 125

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Sheila entered into a contract to sell her Honda Civic to Barry at a contract price of $12,000.On the delivery date,Sheila refused to deliver the car or accept payment.If Barry covers on the date delivery is supposed to occur,the cost to acquire a similar Civic (also the fair market value)is $12,900.One week later the fair market value is $14,000,because a sudden increase in oil prices has made economical used cars more valuable.Discuss the remedies available to Barry in this situation.

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Barry could rescind the contract,recover...

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