Question
[Business Law] Bob Tweetie, the owner of the Tweetie bird store, entered into a contract with Barbra Buyer for the sale of a special bird,
[Business Law] Bob Tweetie, the owner of the Tweetie bird store, entered into a contract with Barbra Buyer for the sale of a special bird, known in the store as the Precocious Parakeet because it could perform over 100 tricks and had appeared in several famous movies.
Data concerning the transaction are as follows:
Selling Price $3000
Cost, at invoice 400
License Fees, inoculations 200
Sales Commission (5% of price) 60
Allocable overhead 340
Profit = $2000
Although the parties had created a binding contract, Barbra refused to accept the delivery of the bird. As such, the Tweetie Bird Store resold the "Precocious Parakeet" to another customer for $2900 a few days later.
How much should the Tweetie Bird Store recover from Barbra as damages?
Assume instead that the bird was one of the 200 untrained yellow parakeets and, accordingly, each item of data above was exactly 1/10th of the amount indicated. How should the Tweetie Bird Store recover from Barbra as damages?
[This question concerns the amount of goods sold by seller but I don't fully understand how to answer/analyze this problem]
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