S Agrees to Sell B 10,000 Widgets at a Price

question 68

Multiple Choice

S agrees to sell B 10,000 widgets at a price of $1.00 per widget.After B breaches the contract,S resells the widgets for $1.10 per widget in a public sale.S also saved $200 in shipping costs.What amount does S owe B?

• A) $1,200
• B) $1,300
• C) $1,000
• D) Nothing

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Definitions:

Virginia Landowners

Individuals or entities that hold ownership rights over land in the state of Virginia, historically significant for their role in agricultural production, especially tobacco, and political leadership in early U.S. history.

Albemarle Region

A historical, culturally rich area in northeastern North Carolina, known for its early settlement and development during the colonial period.

Barbadian Influence

The cultural, political, and economic impact of Barbados and its people on other regions, particularly in the Caribbean and the Americas.

Slavery

A system in which individuals are owned by others, denied freedom, and forced to work without consent.