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1 . Mathis owns a store that sells antique wooden toys, as well as custom - made toys. Bob approaches Mathis and indicates that he

1. Mathis owns a store that sells antique wooden toys, as well as custom-made toys. Bob approaches Mathis and indicates that he is very interested in an antique toy that Mathis has on display. The toy is extremely rare and, after a tense conversation, the parties agreed to a price of $4,500. A month earlier, Mathis purchased the toy in question for $3,000. Two days before the agreed to transaction date (the toy was large and Bob would need to return with a pickup truck to hold the toy), Bob repudiated the contract because he found the same antique toy for $3,500 elsewhere. Mathis sues Bob. How would Mathiss damages be computed under the following scenarios, which are independent of each other.
a. Mathis resells the toy for $4,000.
b. Mathis resells the toy for $5,000.
c. Mathis chooses to keep the toy because he cannot find a buyer. At the agreed to transaction date, the toys FMV was $3,750.

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