Banquets & Parties (B&P) contracts to buy 1,000 balloons from Gas Bags, Inc., for $1 per item. When the market price decreases to 50 cents per balloon, B&P refuses to go through with the deal. Gas Bags can recover as contract damages
A) $1,500.
B) $1,000.
C) $500.
D) $0.
Correct Answer:
Verified
Q29: Loading Ramps Plus,Inc.,contracts to sell sixteen aluminum
Q50: Asian Noodle Company contracts to sell 1,000
Q52: Bayou Boats Inc. contracts for the sale
Q62: Colby contracts in writing (by e-mail) to
Q63: Tack Inc. and Stallion Stables enter into
Q66: Refined Mills orders "Grade A" oats from
Q68: Owen and Pablo enter into a contract
Q70: Precious Stones, Inc., and Sparkling Jewelry stores
Q71: Open-Air Markets, Inc., rejects a shipment of
Q72: Signal Sets Company contracts to deliver one
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