Danny LaBarbera Made a Contract to Buy a Vintage Car

question 85

Multiple Choice

Danny LaBarbera made a contract to buy a vintage car from Dupree Bolton for $20,000. He had already arranged to resell the car to a collector for $30,000. Dupree backed out of the deal, and Danny was unable to find a replacement. Danny sues Dupree. What are his damages?

• A)$10,000. This will place Danny in the same position as if the contract had been fulfilled.
• B)$20,000. This will satisfy Danny's expectation interest.
• C)$30,000. This is what Danny expected to receive from his collector
• D)Zero. Danny is no worse off than he was before the breach, since he didn't pay Dupree any of the $20,000.
• E)$5,000. Danny was obliged to mitigate his damages.

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CFA

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