Tack Inc and Stallion Stables Enter into a Contract for a a Sale

question 49

Multiple Choice

Tack Inc. and Stallion Stables enter into a contract for a sale of stable equipment. Tack delivers, but Stallion does not pay. Tack can normally recover as damages

• A) any profit lost minus any loss avoided.
• B) whatever amount the seller wishes to claim.
• C) the purchase price plus incidental damages.
• D) the market price at the place at which the seller delivered the goods.

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Definitions:

Arbitrator

A neutral third party tasked with making a decision in a dispute between two or more parties.

Third-Party Intervention

A process in which an external individual or entity gets involved in a conflict or negotiation to assist the parties in reaching a resolution, often used in mediation and dispute resolution contexts.

Mediator

A neutral third party that assists in resolving conflicts or disputes between other parties through facilitation and negotiation.

Arbitrator

An independent third party who is appointed to resolve a dispute between two parties by making a decision that is binding on both.