Question
Wally contracts in writing to buy 50,000 pounds of fertilizer from TheodoreGarden Supplies for $25,000. Wally will be using the fertilizer to landscape a newhotel
Wally contracts in writing to buy 50,000 pounds of fertilizer from TheodoreGarden Supplies for $25,000. Wally will be using the fertilizer to landscape a newhotel and will make a profit of $100,000 for the landscaping job. Two weeks beforethe landscaping job is set to start, Theodore notifies Wally, "I'm backing out of thedeal...the price I gave you is too low because of "fluctuations in the market", (notrelated to Covid 19). Wally calls several other suppliers and is told the samequantity of fertilizer will cost $35,000.Wally buys the fertilizer for $35,000 andcompletes the project for the hotel on time and received payment. Wally wishes tofile a lawsuit against Theodore.
In that lawsuit, please indicate whether Wally willbe able to recover any or none of the followingand why.
A.Specific performance
B.Compensatory damages
C.Consequential damages.
D. Compensatory & Consequential damages
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