X contracts with Y to purchase 1000 sacks of grain to be delivered on 1 September.Y however delivers the grain to X on 8 September and as a result of a drop in grain prices during the delay, X can only sell the grain at half the price that he would have been able to if Y had delivered the grain on time.The loss to X arising out of the breach of contract is classified as:
A) Indirect loss.
B) Consequential loss.
C) Direct loss.
D) Nominal loss.
Correct Answer:
Verified
Q4: Which of the following is not a
Q10: Mickey and Rourke want to voluntarily terminate
Q17: Which of the following is not a
Q23: In what circumstances will a court refuse
Q36: An 'intermediate term' is:
A)A term of the
Q38: Damages awarded to a plaintiff in an
Q39: Which of the following circumstances will not
Q39: Kenneth enters into a contact to purchase
Q48: Which of the following statements is not
Q49: Nathanial enters into a contract to purchase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents