If a Buyer Breaches a Contract While the Seller Is

question 33

True/False

If a buyer breaches a contract while the seller is still in possession of the goods,the seller can resell the goods and hold the buyer liable for any loss.

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Definitions:

Breakeven Point

The point at which total costs and total revenue are equal, meaning a business is neither making a loss nor a profit.

Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Expenses

Costs incurred in the process of earning revenue; typically classified as fixed, variable, or periodic expenditures.

Breakeven Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain for a business or project.