The fair market value of a 10-foot fishing boat is $1,000.In a special promotion, J's Marina purchases a 10-foot fishing boat for $900.The boat is badly scratched when it arrives.J's Marina, however, accepts the shipment and notifies the seller of the defect.The boat as delivered has a value of $800.If the damaged boat is a breach of warranty by the seller, the buyer may recover from the seller:

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The buyer may recover the difference between the fair market value of the boat if it had arrived as warranted ($1,000) and its value in the damaged condition ($800), which is $200, plus any incidental and consequential damages that resulted from the breach of warranty.

The Fair Market Value of a 10-Foot Fishing Boat Is