Question
You enter into a contract with Shifty McShiftyson to sell him a 10 speed motorized skateboard for $750.00. Thirty days after the contract is signed,
You enter into a contract with Shifty McShiftyson to sell him a 10 speed motorized skateboard for $750.00. Thirty days after the contract is signed, however, you have the skateboard ready to go but Shifty hasn't paid you the purchase price. You notify Shifty that unless he pays the purchase price, which was due 15 days ago under the contract, you are going to treat his failure to pay as a material breach. You don't hear back from Shifty, so you end up selling the skateboard to Speedy Coolguy, who pays you $550.00. Three weeks later, you get a phone call from Shifty, telling you that he's got the money and he's ready to buy the skateboard. You tell him you've already sold it to somebody else. He's unhappy and says, "we had a contract! If you don't sell me the skateboard, I'm going to sue you." What do you say to Shifty?
A. You say, "And I'm going to sue you for $200, because you breached our contract!"
B. You say, "And I'm going to sue you for $750, because you breached our contract!"
C. You say, "You can't sue me! Since you were over a month late in paying me, the law says I get to have a month to find you a new skateboard."
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