Seller entered into a contract to sell goods at a contract price of $2,000.At the delivery date,the seller refuses to deliver the goods.If the buyer covers on the date delivery is supposed to occur,the cost to acquire alternate goods,also the fair market value,is $2,200.One week later the fair market value is $2,500.Discuss the remedies available to the buyer.

Question

Quizplus · Accepted Answer

The Answer of Seller entered into a contract to sell goods at a contract price of $2,000.At the delivery date,the seller refuses to deliver the goods.If the buyer covers on the date delivery is supposed to occur,the cost to acquire alternate goods,also the fair market value,is $2,200.One week later the fair market value is $2,500.Discuss the remedies available to the buyer.

Seller Entered into a Contract to Sell Goods at a Contract