QUESTION 5 After a Seller is in breach, the Buyer may cancel the contract and seek damages, which always includes lost profit O True False QUESTION 6 Fridge would need time to quote a price on such a large order, but Fridge responded, "Send the refrigerators immediately and bill us later. The refrigerators were delivered the next day and the invoice ten days after that. The invoice price was $140.000. Fridge argues the marketplace value is only $120.000 and threatens to sue to lower the price to the Trade Custom. A court would most likely rule in favor of Anama because while their price is over the Trade Custom, it is reasonable because of the rush basis of the order. True or False Distributors needed two hundred compact refrigerators on a rush basis. it contacted Anama Corp. a manufacturer of refrigerators. Anama said it True False QUESTION 7 Howard Luck hired Mr. Tool as a store manager of his feed and grain store. During the 12 months that Tool worked at Luck's he sold grain that was stored in a back elevator to Amerigrain and pocketed the profits. When Luck discovered the stored grain was missing he brought an action to recover the grain from Amerigrain. Because this is a theft, Amerigrain cannot get good title and must return the grain to Luck O True OFalse QUESTION 8 GameGo sells video games for the XBox entertainment system and purchases most of their games from Arati, Inc. GameGo had always purchased their games from Arati before they became available to the public. Before the new War Hero game was released, GameGo called to order War Hero games and then later that day faxed a purchase order to Arati for 100 War Hero games at a total cost of $1000. One month later, after Arati failed to deliver any of the games to GameGo. GameGo sued Arati for breach of contract. Arati claims they never received the fax from GameGo. Arati will win this breach of contract suit because there was no contract. True