Sampson agreed to sell 15 used delivery trucks to Bivens at a price of $7500 per truck. The fair market value of the trucks was $7000 per truck. Bivens refused to accept delivery of the trucks. Sampson resold the trucks to Thompson at a private sale for $3000 per truck. In an action for breach of contract by Sampson, what will be the measure of Sampson's damages? (A) $7500 per truck. (B) $4500 per truck. (C) $500 per truck. (D) Sampson is not entitled to damages. Electric Company entered into a contract to manufacturer and install an electric transformer for Metals Company. The contract contained a clause excluding recovery for consequential damages. Electric Company delivered a conforming transformer but improperly installed the transformer, causing extensive harm to the transformer. In an action for breach of contract by Metals Company, what will be the proper measure of recovery? (A) Metals Company will be entitled to recover the cost to repair the transformer. (B) Metals Company will be entitled to recover the lesser of the cost to repair the transformer or the diminution in the fair market value of the transformer. (C) Metals Company will be entitled to recover the difference in value between the installation service as contracted for and the installation service as received. (D) Metals Company will be entitled to recover both the difference in value in the installation service and lesser of the cost to repair or the diminution in value. Tim and Lisa are makers on a $15,000 negotiable promissory note, originally payable to the order of Jennifer. Jennifer has sold the note to Marcus. Marcus may be a holder in due course, even if he had notice on the date that he took possession of the note that: (A) Tim and Lisa had dishonored the note. (B) Jennifer had fraudulently raised the amount of the note to $18,000. (C) Jennifer had voluntarily discharged Tim's liability. (D) Jennifer had stolen the note, while in bearer form, from Tim and Lisa. Sampson agreed to sell 15 used delivery trucks to Bivens at a price of $7500 per truck. The fair market value of the trucks was $7000 per truck. Bivens refused to accept delivery of the trucks. Sampson resold the trucks to Thompson at a private sale for $3000 per truck. In an action for breach of contract by Sampson, what will be the measure of Sampson's damages? (A) $7500 per truck. (B) $4500 per truck. (C) $500 per truck. (D) Sampson is not entitled to damages. Electric Company entered into a contract to manufacturer and install an electric transformer for Metals Company. The contract contained a clause excluding recovery for consequential damages. Electric Company delivered a conforming transformer but improperly installed the transformer, causing extensive harm to the transformer. In an action for breach of contract by Metals Company, what will be the proper measure of recovery? (A) Metals Company will be entitled to recover the cost to repair the transformer. (B) Metals Company will be entitled to recover the lesser of the cost to repair the transformer or the diminution in the fair market value of the transformer. (C) Metals Company will be entitled to recover the difference in value between the installation service as contracted for and the installation service as received. (D) Metals Company will be entitled to recover both the difference in value in the installation service and lesser of the cost to repair or the diminution in value. Tim and Lisa are makers on a $15,000 negotiable promissory note, originally payable to the order of Jennifer. Jennifer has sold the note to Marcus. Marcus may be a holder in due course, even if he had notice on the date that he took possession of the note that: (A) Tim and Lisa had dishonored the note. (B) Jennifer had fraudulently raised the amount of the note to $18,000. (C) Jennifer had voluntarily discharged Tim's liability. (D) Jennifer had stolen the note, while in bearer form, from Tim and Lisa