Joe Agreed on April 1 to Sell and Deliver 1,000

question 16

Multiple Choice

Joe agreed on April 1 to sell and deliver 1,000 bushels of wheat to a grain elevator on June 1 for $10 per bushel.He then refused to deliver on June 1 because the market price was then $15 per bushel.How much can the grain elevator recover in damages from Joe?

• A)Nothing
• B)$5,000
• C)$1,000
• D)$1,500

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Definitions:

Divisional Sales Revenues

The total amount of money generated from sales activities by a specific division within a company during a given period.

Customer Satisfaction

A measure of how products or services provided by a company meet or surpass customer expectation.

Citrus Juice

The liquid extract from citrus fruits like oranges, lemons, and grapefruits, rich in vitamins and often consumed for its health benefits.

Salad Dressing

A mixture of ingredients like oil, vinegar, herbs, and seasonings applied to salads to enhance their flavor.