A Seller Recovering the Difference Between His Resale Price and the Buyer's

question 2

Multiple Choice

A seller recovering the difference between his resale price and the buyer's original contract price is an example of:

• A)compensatory damages.
• B)incidental damages.
• C)liquidated damages.
• D)None of the above

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Definitions:

Compound

A substance formed from two or more chemical elements that are chemically bonded together, exhibiting unique properties.

Compound

A substance formed from the chemical combination of two or more elements in a fixed ratio.

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A phrase often used in written instructions or explanations indicating that further information or a representation will be provided in the immediate following context.

Compound

A substance made up of two or more different elements joined by chemical bonds in a fixed ratio, possessing unique properties different from its component elements.