Turtle World Orders 200 Small Sea Turtles from Reptile World

question 28

Multiple Choice

Turtle World orders 200 small sea turtles from Reptile World.After the sea turtles had been identified to the contract but before the risk of loss had passed to Turtle World,the turtles were released into the ocean by a militant animal rights group who broke into Reptile World to set the animals free.Under this scenario

• A)Turtle World cannot successfully sue because the contract is void.
• B)Turtle World can cover,then win a judgment against Reptile World for the difference between the contract price and the cover price,plus incidental and consequential damages,minus expenses saved.
• C)Turtle World can successfully sue for specific performance because sea turtles are everywhere.
• D)Turtle World is entitled to a judgment for compensatory damages,but not consequential damages.

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Definitions:

Price Discount

A reduction from the usual cost of an item or service, used as a strategy to increase customer purchases or reduce inventory.

Anticipation Inventory

Stocks held in anticipation of customer demand, allowing companies to meet consumer needs without delay.

Larger Quantities

Refers to the acquisition or production of goods or services in high volumes, typically achieving economies of scale.

Market Approach

A method used to value a business or asset based on the price at which similar companies or assets have been sold.