If a Buyer Purchases Similar Goods Elsewhere After a Breach

question 86

True/False

If a buyer purchases similar goods elsewhere after a breach by the seller,this is known as cover.

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Definitions:

Debtor

An individual or entity that owes a debt or is obligated to make payments to another party, known as the creditor.

Creditor

An individual, organization, or entity that is owed money or other forms of compensation by a debtor.

Res Ipsa Loquitur

“The thing speaks for itself.”

Transfer of Possession

The act of moving the control or ownership of property from one person to another.