Loni and Myra enter into a contract for a sale of clarinets and other wind instruments. Loni delivers, but Myra does not pay. Loni can normally recover as damages the difference between
A) any loss avoided and any profit gained.
B) the actual price and the hoped-for price.
C) the contract price and the market price.
D) the current prices in the parties' locations.

Question

Quizplus · Accepted Answer

Loni can recover as damages the difference between the contract price and the market price. This is because the market price represents the current value of the goods and is a more accurate reflection of the actual loss suffered by Loni. The hoped-for price (B) is not relevant in determining the damages, and the current prices in the parties' locations (D) may not accurately reflect the market price. Any loss avoided and any profit gained (A) may also be relevant in determining damages, but this is not the only measure of damages that Loni can recover.

Loni and Myra Enter into a Contract for a Sale