Roger Contracts with Music Company to Buy One of Its

question 15

Multiple Choice

Roger contracts with Music Company to buy one of its pianos for $2,000.Music Company has several of these pianos in stock and can buy an unlimited number from the manufacturer.Roger refuses to accept this piano,and Music sells it to another customer for $1,900.If Music sues Roger for breach of contract,the proper measure of Music's damages would be:

• A)Contract price less resale price.
• B)Contract price less fair market value.
• C)Contract price.
• D)Lost profits.
• E)Music suffered no damage.

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Definitions:

Bureaucracy

A system of government or management that is characterized by specialized roles, hierarchical structure, and adherence to fixed rules.

Reference Group

A social group that an individual uses as a standard for evaluating themselves and their own behavior.

Organizational Operations

The activities and practices involved in running a business or other organization effectively, including planning, strategy, and execution of various functions.

Mandate

An authoritative command or instruction, often given by voters to elected officials or by higher authorities to subordinates.