Question
Bodhi agreed to sell a rare 1960 Batman comic book to Steven for $1,600. The parties signed a contract on October 1, 2021, and Steven
Bodhi agreed to sell a rare 1960 Batman comic book to Steven for $1,600. The parties signed a contract on October 1, 2021, and Steven gave Bodhi a deposit of $350, with the balance due when Steven picks up the comic book on October 13, 2021.
On October 5th Steven attended a comic book convention where he came across a 1958 double edition of a Superman comic book for sale. He was ecstatic - it was in mint condition and signed by the illustrator. He bought it immediately. As soon as he returned home, Steven telephoned Bodhi to tell Bodhi that he could not buy the Batman comic book from Bodhi because he had spent all his money on the Superman comic book. Bodhi was very annoyed with Steven. Three days after that conversation Bodhi sold the Batman comic book to Jacob for $1,800.
Did Steven's actions result in a breach of contract? Explain and identify any legal principle(s) that support your position. (3 marks)
What is Bodhi's best remedy in the circumstances? Explain and identify any legal principle(s) that support your position including calculations if applicable. (3 marks)
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