A Court Hearing an Action for Damages Has Ordered That

question 13

Multiple Choice

A court hearing an action for damages has ordered that the plaintiff is entitled to a price reduction due to breach of contract pertaining to the sale of goods.In this instance,which of the following is the most likely reason for the court having arrived at this decision?

• A) breach of a condition expressed in a contract for the sale of goods
• B) breach of an innominate term of a contract for sale of goods
• C) breach of warranty under sale of goods legislation
• D) breach of a condition under sale of goods legislation

---

Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Equilibrium Price

The cost at which the amount of products offered matches the amount of products requested.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a certain period of time.

Nonbinding

Describes a regulation or condition that does not restrict the actions or choices of the individuals or entities it applies to.