If the Seller Refuses to Deliver the Goods Called for by the Contract,the

question 7

Multiple Choice

If the seller refuses to deliver the goods called for by the contract,the buyer can:

• A)get the difference between the contract price of the goods and their market price at the time the buyer learns of the seller's breach.
• B)sue for only consequential damages.
• C)deprive the seller of credit for any expenses saved.
• D)seek for specific performance even if the goods ordered are not unique in nature.

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Definitions:

Consumer Goods

Products that are purchased by consumers for personal or household use, as opposed to goods used by businesses to produce other goods.

Capital Goods

Long-lasting goods acquired or manufactured by a business that are used in the production of other goods or services, rather than being sold to consumers.

Opportunity Cost

The expense incurred by not selecting the second-best choice available when deciding between multiple options.

Consumer Goods

Products and services that are purchased for consumption by the average household or end user, rather than for the purpose of resale or further processing.