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Assume the following facts: You have a hauling business that uses a boat to haul items from shore to residents living on an island community.
Assume the following facts:
- You have a hauling business that uses a boat to haul items from shore to residents living on an island community. After your business boat sinks, you contract in writing to purchase a used boat for your business from Seller for $30,000.
- Before purchasing the boat, you inform Seller about your business & you tell Seller that you lost your old boat & must have another one immediately so that you do not lose any more money in your hauling business. After the contract is formed, the Seller breaches the contract by refusing to immediately deliver the boat as agreed.
- Payment on the used boat was not due until delivery, & you have not paid any part of the $30,000 to the Seller.
- After losing business revenue for 2 weeks due to the Seller's failure to deliver the boat, you cannot find a replacement boat & need to pay $100 to hire a used-boat broker to quickly find a boat for you.
- The broker finds, & you purchase, an essentially identical boat from Seller2, which is available only for $35,000.
- In a typical week, your hauling business takes in $1,000 in revenue, & incurs $300 in business expenses & you lost 2 weeks of business due to seller's breach of the contract.
Under the UCC, explain in detail for each category of damages: what are your damages (give precise amounts) to be paid by Seller, & which kinds/categories of damages are these?
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