S Agrees to Sell B 10,000 Widgets at a Price

question 78

Multiple Choice

S agrees to sell B 10,000 widgets at a price of $1 per widget.After B breaches the contract,S resells the widgets for $1.10 per widget in a public sale.S also saved $200 in shipping costs.What amount does S owe B?

• A)$1,200
• B)$1,300
• C)$1,000
• D)Nothing

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Definitions:

Freely

Without restriction or limitation; able to act, speak, or think without being hindered or constrained.

Globality

The condition or quality of being global, emphasizing a comprehensive, worldwide perspective.

Transnational Processes

Activities and phenomena that cross national boundaries, involving interactions among people, businesses, and governments of different countries.

Neoliberal Capitalist Markets

Describes economic environments characterized by free markets, deregulation, privatization, and reduced government intervention in the economy.