Adam Contracts to Sell Ben 100 Widgets for $100, for Use

question 30

Multiple Choice

Adam contracts to sell Ben 100 widgets for $100, for use in Ben's factory. Adam does not know that Ben's factory is closed as it is waiting for the supply of widgets from Adam. Which of the following statements is true of the damages caused due to late delivery?

• A) Adam will be liable for compensatory damages.
• B) Adam will be liable for consequential damages.
• C) Adam will not be liable for consequential damages.
• D) Adam will be liable for nominal damages.

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Definitions:

Potassium Ions

Positively charged atoms that are essential for various physiological processes in living organisms, including nerve impulse transmission and muscle contraction.

Sodium Channels

Membrane proteins involved in the conduction of sodium ions through neuronal and muscle cell membranes, crucial for generating electrical signals.

Voltage-gated Channels

Protein channels that open or close in response to changes in membrane potential, allowing ions to enter or exit cells and facilitate electrical signaling.

Resting Neuron

A neuron in its non-excited state, maintaining a stable negative charge inside the cell relative to the outside, ready to transmit signals when activated.