Question
S and B contracted to purchase S's car for $1,500. On the date for delivery B disappears. 1) Why do buyer's breach contracts for the
S and B contracted to purchase S's car for $1,500. On the date for delivery B disappears. 1) Why do buyer's breach contracts for the sale of goods by refusing delivery? 2) If it was determined that the fair value of the car was $1,200 and it would cost S an additional $200 to continue insuring and storing the car, what would be the correct measure of compensatory damage under UCC Article 2? 3) What if S, upon learning of B's breach, instead sold the car to C for $1,000. How would that change your answer (if at all)? 4) Let's say S is a new car dealer. B contracted to buy a new honda civic for $15,000. B refuse delivery. The car's fair market value is $15,000 and S eventually sells the car to C for $15,000. Has S suffered any damage due to B's breach? Why or why not?
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