Owen and Pablo enter into a contract for a sale of fifty Western saddles.Owen does not deliver.Pablo 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

In this scenario, Pablo can recover as damages the difference between the contract price and the market price. This means that Pablo can claim the amount of money that he would have gained if Owen had delivered the fifty Western saddles as promised, minus the amount of money that he actually lost due to the breach of contract. The market price is the price of similar goods in the market at the time of breach, and it is used as a benchmark for determining the damages in a breach of contract case. Therefore, option C is the best choice in this scenario.

Owen and Pablo Enter into a Contract for a Sale