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

question 38

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.For this purchase,Bill incurs $200 in reasonable expenses and saves $100 in shipping expenses.Bill then sues Wonder for $2,200.What,if anything,can Bill actually recover?

• A) Nothing
• B) $200
• C) $2,100
• D) $2,200

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Definitions:

Lease Term

The duration for which a lease agreement is effective.

Quiet Enjoyment

A tenant's right to occupy and use premises without interference from the landlord or others with superior title.

Purchase Price

The amount of money that is paid or will be paid for the acquisition of a good, service, or asset.

Insurance Contracts

Legal agreements between an insurer and the insured, defining the claims which the insurer is legally required to pay.