Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cohn advertised a 30-foot sailboat for sale in The New York Times . Fisher saw the ad, inspected the sailboard, and offered Cohn $4,650 for

Cohn advertised a 30-foot sailboat for sale in The New York Times. Fisher saw the ad, inspected the sailboard, and offered Cohn $4,650 for the boat. Can accepted the offer. Fisher gave Cohn a check for $2,535 as a deposit on the boat. He wrote on the check, "Deposit on aux sloop, D'arc Wind, full amount $4,650." Fisher later refused to go through with the purchase and stopped payment on the deposit check. Cohn then sued Fisher for breach of contract. He asked for damages of $1,679.50. This represented the $1,650 differences between the contract price and the sale price plus $29.50 in incidental expenses in reselling the boat.

(a) What is this measure of damages called? Describe this measure of damages fully.

(b) Is Cohn entitled to this measure of damages? Please respond fully

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law

Authors: Ewan McKendrick

10th Edition

1137293705, 978-1137293701

More Books

Students also viewed these Law questions

Question

a. What is the title of the position?

Answered: 1 week ago

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago