If the Buyer Makes a Wrongful Rejection, the Seller May

question 27

True/False

If the buyer makes a wrongful rejection, the seller may resell the goods in good faith and in a commercially reasonable manner and the seller may recover from the buyer the difference between the contract price and the resale price, plus any incidental damages, minus expenses saved.

---

Definitions:

Ordinary Shares

Equity securities representing ownership in a company, giving shareholders voting rights and a share in the company's profits.

IPO

Initial Public Offering, the process through which a private company becomes publicly traded by offering its shares to the public for the first time.

Initial Public Offering

The first sale of stock by a private company to the public, often used by companies to raise capital for expansion.

Share Issuance

The process by which a company issues new shares of stock to investors or shareholders, increasing the number of outstanding shares.