Soto contracts to buy an oven from Restaurant Appliances Inc.for $5,000,but the seller fails to deliver.Soto buys a similar oven from another dealer for $6,500.Soto's measure of damages is

Question

Quizplus · Accepted Answer

The measure of damages for a seller's breach of contract is typically the difference between the contract price and the market price of the goods at the time and place of delivery. In this case, since the seller failed to deliver, Soto had to obtain a similar oven from another dealer for a higher price. Therefore, Soto's measure of damages is the difference between the contract price ($5,000) and the price paid for the substitute goods ($6,500), which is $1,500, plus any additional expenses incurred in obtaining the oven.

Soto Contracts to Buy an Oven from Restaurant Appliances Inc