Assume that there is a contract for the sale of the hat for $10. DB refuses to perform the agreement and deliver the hat. If similar hats are selling on eBay for $100, what would be Dan's remedy?
A)Specific performance, a court order to make DB give Dan the hat
B)Injunctive relief, a court order to stop DB from selling the hat to anyone else.
C)Compensatory damages of $90
D)Nominal damages of $1
E)Punitive damages of $100

Question

Assume that there is a contract for the sale of the hat for $10. DB refuses to perform the agreement and deliver the hat. If similar hats are selling on eBay for $100, what would be Dan's remedy?​
A)Specific performance, a court order to make DB give Dan the hat
B)Injunctive relief, a court order to stop DB from selling the hat to anyone else.
C)Compensatory damages of $90
D)Nominal damages of $1
E)Punitive damages of $100

Quizplus · Accepted Answer

Compensatory damages of $90 would be Dan's remedy to cover the difference between the contract price ($10) and the market price ($100) of the hat, thus compensating him for his loss due to DB's refusal to perform the agreement.

Assume That There Is a Contract for the Sale of the Hat