In a Contract of Sale,where the Seller Fails to Deliver

question 34

Multiple Choice

In a contract of sale,where the seller fails to deliver goods on time,the measure of damages will normally be

• A)the loss or losses that is/are reasonably foreseeable by the seller at the time the contract was made.
• B)only the loss or losses that occur(s)at the time of the breach.
• C)the loss or losses that is/are reasonably foreseeable by the seller at the time of the breach.
• D)all losses,whether or not reasonably foreseeable by the seller.
• E)only the loss or losses that is/are reasonably foreseeable by the buyer at the time the contract was made.

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Definitions:

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a specific price in a given time period.

Electricity

A form of energy resulting from the existence of charged particles, commonly used for power and lighting.

Quantity Demanded

represents the total amount of a product or service consumers are willing and able to purchase at a given price level, within a specific time period.

Price Inelastic

Describes a situation where the demand for a good or service does not significantly change with a change in its price.