Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy.Neal is able to sell the 500 pairs to Renny for a much lower amount.Neal then sues Solomon for damages.Neal will be able to recover

Question

Quizplus · Accepted Answer

Neal will be able to recover the difference between the contract price and the amount paid by Renny because Solomon breached his contract and Neal had to sell the socks to Renny for a lower price. The liquidated damages clause may not be relevant in this scenario as it depends on the terms of the contract. The intentional breach by Solomon and whether he found cheaper socks is not a determining factor in this case.

Solomon Breaches His Contract with Neal to Purchase the 500