Question

Peter, a second-hand car dealer, purchased a car in the wholesale market for $15,000. Peter contracted to sell the car to David for $20,000, but David refused to take delivery of the car. Peter sued David for breach of contract.

Requirement:

(1)What damages can Peter claim

(2)If Peter later sells the car to another purchaser for $18,000, what damages, if any, would Peter be entitled to?

Required:

1. The issues:

Identify the material (relevant) facts and NOT simply repeat the question

2. The law:

Identify the legal issue (or issues) and the contents

3. Cases:

Identify the relevant case law (if any)

4. Application:

Apply the legal principles and case law to the given facts

5. Reaching a solution/conclusion:

Offer reasons for your conclusion (must be supported by legal authority) a simple Yes or No answer with personal views is inadequate