Sam Has Contracted with Dave to Purchase Dave's Racing Bike,with

question 71

Multiple Choice

Sam has contracted with Dave to purchase Dave's racing bike,with payment and delivery of the bicycle to be made 10 days after the contract was made.Three days later Sam hears that Dave is going to sell the bike to Gene in three days at a higher price.If Sam really wants the bike,what should he do?

• A) Immediately sue for specific performance.
• B) Immediately seek injunctive relief.
• C) Immediately sue for compensatory damages.
• D) Immediately sue for consequential damages.

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Definitions:

Strict Product Liability

A doctrine in tort law that makes manufacturers, distributors, or sellers liable for any defects in the products they market, irrespective of negligence.

Manufacturer

An individual or company that makes goods for sale using raw materials and parts, typically in a large-scale operation involving machinery.

Seller

A seller or company presenting products or services for acquisition to buyers or other enterprises.

Mortgage Loan

A loan used to purchase property or real estate, which is then used as collateral for the loan.