X Contracts with Y to Purchase 1000 Sacks of Grain

question 23

Multiple Choice

X contracts with Y to purchase 1000 sacks of grain to be delivered on 1 September.Y however delivers the grain to X on 8 September and as a result of a drop in grain prices during the delay, X can only sell the grain at half the price that he would have been able to if Y had delivered the grain on time.The loss to X arising out of the breach of contract is classified as:

• A)indirect loss.
• B)consequential loss.
• C)direct loss.
• D)nominal loss.

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Definitions:

Direct Organizational Strategy

A communication method where the main points are stated at the beginning, often used for clear, straightforward messages.

Secondary Data

Information that has been previously collected by others, used for research purposes not originally intended by the data's collectors.

Report Page

A page in a document or website dedicated to presenting detailed information on a specific topic, usually in a structured format.

Heading

A title or caption used to introduce or categorize content in a document or presentation.