If the Seller Has Justifiably Withheld Delivery of the Goods

question 20

Multiple Choice

If the seller has justifiably withheld delivery of the goods because of the buyer's breach,the buyer is entitled to:

• A)recover any money or goods he has delivered to the seller over and above the agreed amount of liquidated damages.
• B)an amount in excess of $500 or 20% of the value of total performance.
• C)recover any money or goods he has delivered to the seller only to the agreed amount of liquidated damages.
• D)an amount in excess of $1,000 or 20% of the value of total performance or whichever amount is higher.

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Definitions:

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Revenue refers to the total income generated from the sale of goods or services by a company before any expenses are subtracted.

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A market condition where the demand for a product or service significantly changes in response to changes in its price.