When the seller is rightfully claiming for the buyer's rejection or repudiation, the seller can recover the difference between the contract price and the market price or:
A) the "profit" the seller lost.
B) half of the cost price.
C) the amount equaling the accident insurance.
D) whatever the buyer determines in good faith.

Question

Quizplus · Accepted Answer

When the buyer refuses to accept goods that conform to the contract or repudiates the contract, the seller does not have to resell the goods. The seller has two other ways of determining the damages that the buyer is liable for because of the buyer's breach of contract: (1) the difference between the contract price and the market price at which the goods are currently selling and (2) the "profit" the seller lost when the buyer did not go through with the contract.

When the Seller Is Rightfully Claiming for the Buyer's Rejection