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Question 1: Sunshine Oranges Sunshine offers to sell Squeeze Me one thousand bushels of oranges for $5 per bushel to be delivered on April 1st.
Question 1: Sunshine Oranges Sunshine offers to sell Squeeze Me one thousand bushels of oranges for $5 per bushel to be delivered on April 1st. Squeeze Me agrees. As a result, on March 25th, Squeeze Me buys a new industrial sized juicer from AgraTech for $10,000. On March 31st, the market price of oranges reaches $9 per bushel. Sunshine does not deliver the oranges to Squeeze Me. Squeeze Me is now the victim of a breach of contract. Questions: a) What are expectation damages? b What are reliance damages? Which remedy, expectation damages, reliance damages, both, or neither, will lead to efficient breach? Explain
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