Joe Agreed on April 1 to Sell and Deliver 1,000

question 16

Multiple Choice

Joe agreed on April 1 to sell and deliver 1,000 bushels of wheat to a grain elevator on June 1 for $10 per bushel.He then refused to deliver on June 1 because the market price was then $15 per bushel.How much can the grain elevator recover in damages from Joe?

• A)Nothing
• B)$5,000
• C)$1,000
• D)$1,500

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