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1)Molly, a florist, contracts to buy 500 tulips from Jeb, a supplier, at S1 per stalk. Molly pays Jeb the deposit of S1 and Jeb

1)Molly, a florist, contracts to buy 500 tulips from Jeb, a supplier, at S1 per stalk. Molly pays Jeb the deposit of S1 and Jeb promises to deliver the tulips to Molly on 1 August. On 1 August, Jeb packed the flowers for delivery to Molly but overheard his staff gossiping that Molly's business is doing badly. Jeb decided to sell the flowers to another buyer, fearing that Molly will not be able to pay him. On 2 August, Jeb informs Molly by phone that he would not be delivering the flowers to Molly. Molly had to purchase 500 tulips from Joe at $2 per stalk to meet urgent customer orders. Discuss the following:

(a)Legal issues regarding breach of contract

(b)Remedies that Molly may claim from Jeb for breach of contract.

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