Question
Merry Music inherits an antique cello from her uncle, a famous musician. Merry contracts to sell the antique cello to Anystate College for display in
Merry Music inherits an antique cello from her uncle, a famous musician. Merry contracts to sell the antique cello to Anystate College for display in its music museum. Anystate College agrees to pay $50,000 for the cello, and promises to take delivery and pay for the cello at the beginning of the next school year. Over the summer, significant budget cuts force Anystate College to regret its decision, and it unjustifiably refuses to complete the purchase. As soon as Anystate College breaches, Merry Music hires an expert p. 819(at minimal cost) to appraise the cello who opines that it is worth at least $60,000. Merry offers the cello for sale in her store at that price, but to date has not found anyone who is interested in buying it. What damages if any might Merry Music seek from Anystate College?
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