Owen and Pablo Enter into a Contract for a Sale

question 62

Multiple Choice

Owen and Pablo enter into a contract for a sale of fifty Western saddles. Pablo pays,but Owen does not deliver. Pablo can normally recover as damages the difference between

• A)any loss avoided and any profit gained.
• B)the actual price and the hoped-for price.
• C)the contract price and the market price.
• D)the current prices in the parties' locations.

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Definitions:

Arbitration

A method of resolving disputes outside the courts, where a neutral third party (the arbitrator) renders a decision after hearing arguments and evidence from both sides.

Unfair Labor Practice Strike

A strike undertaken by workers to protest actions by the employer that are considered illegal or unjust under labor laws.

Jurisdictional Strike

A strike action initiated by workers to contest the assignment of work tasks based on the boundaries of union agreements or trades.

Recognition Strike

A labor action taken by workers to gain acknowledgment from their employer regarding the legitimacy of their union or bargaining unit.