Wonder Widgets Agrees to Sell Bill Buyer 10,000 of Its

question 53

Multiple Choice

Wonder Widgets agrees to sell Bill Buyer 10,000 of its "Grade A" widgets at a price of $3.00 per widget.After Wonder breaches the contract by failing to deliver,Bill buys substitute widgets at a price of $3.20 per widget.Bill also incurs $200 in reasonable expenses associated with the purchase.Bill then sues Wonder for $2,200.What,if anything,can Bill actually recover?

• A) Nothing
• B) $200
• C) $2,000
• D) $2,200

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Definitions:

Fruit Farm

An agricultural establishment primarily engaged in the cultivation of fruit-bearing trees, bushes, and plants.

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A person who has romantic feelings for someone else but keeps these feelings secret, often sending anonymous gifts or messages.

Wage Rate

The standard amount of pay given for work performed, typically expressed as an amount per hour or amount per piece of work completed.

Endowment

The total resources, including wealth, talent, or abilities, that individuals or institutions possess, which can influence their capacity to make economic decisions.