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Question 5 1 pts On June 1, Seller and Buyer entered into a contract for the sale of goods to be delivered on June
Question 5 1 pts On June 1, Seller and Buyer entered into a contract for the sale of goods to be delivered on June 30. On June 15, Seller repudiated the contract because the agreed price was less than the market value of the goods at that date. Buyer did not cover. On June 30, Buyer tendered the contract price, but Seller did not accept the tender and deliver the goods. On that date, the market price was greater than it had been on the date of the anticipatory repudiation. What is Buyer's remedy? O A. Damages equal to the difference between the contract price and the market value on June O B. Damages equal to the difference between the contract price and the market value on June 30. O C. Specific performance. O D. None, because Buyer failed to cover. Question 6 1 pts Daryl Johnston bought 100 bolts of standard blue wool, 1 quality, from Frank McHugh. The sale contract provided that Johnston would make payment prior to inspection. The 100 bolts were shipped, and Johnston paid McHugh. Upon inspection, however, Johnston discovered that the wool was No. 2 quality. Johnston thereupon tendered back the wool to McHugh and demanded return of the payment. McHugh refused on the ground that there is no difference between No. 1 quality wool and No. 2 quality wool. Can Johnston resell the wool? O B. Yes, in a public or private sale but only after giving McHugh reasonable notice of his intention to resell. O A. Yes, and he is also entitled to punitive damages. C. Yes, but only in a public sale. O D. No, McHugh must be allowed to cure. Launchpad
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