Solved

Monroe Hardware Contracted to Purchase 20 Alarm Clocks from Clocks,Inc

Question 31

Multiple Choice

Monroe Hardware contracted to purchase 20 alarm clocks from Clocks,Inc.,a clock manufacturer.One week before delivery,Monroe Hardware notified Clocks,Inc.that it was canceling its contract because,it (Monroe Hardware) was overstocked with clocks.Under these circumstances,what remedies are available to Clocks,Inc.?


A) Clocks,Inc.must attempt to resell the clocks to another buyer before it can recover damages from Monroe.
B) Clocks,Inc.must attempt delivery of the goods before it can sue Monroe for damages.
C) Clocks,Inc.may recover the difference between the contract price of the clocks and the current market price at which the clocks are selling.
D) Clocks Inc.can recover purchase price even if resale is possible.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents