If the seller resells, he may also recover Blank______ damages, but the seller must give the buyer Blank______ for any expenses that the seller saved because of the buyer’s breach of contract.Multiple choice question.consequential; discountintentional; creditincidental; creditconplementary; discount
Question
If the seller resells, he may also recover Blank______ damages, but the seller must give the buyer Blank______ for any expenses that the seller saved because of the buyer’s breach of contract.Multiple choice question.consequential; discountintentional; creditincidental; creditconplementary; discount
Solution
The correct answer is "incidental; credit".
Step 1: The first blank refers to a type of damages that a seller may recover in the event of a buyer's breach of contract. In legal terms, "incidental damages" are costs that a seller incurs directly because of a buyer's breach of contract. This could include costs associated with storing or reselling the goods.
Step 2: The second blank refers to something the seller must give the buyer for any expenses saved due to the breach of contract. In this context, "credit" is the most appropriate term. This means that the seller must reduce the amount of damages by any expenses saved as a result of the breach.
Therefore, the completed sentence is: "If the seller resells, he may also recover incidental damages, but the seller must give the buyer credit for any expenses that the seller saved because of the buyer’s breach of contract."
Similar Questions
Assuming a buyer repudiates the sales contract, or refuses to accept goods that conform to the contract, the seller ________.Multiple choice question.must not give buyers credit for any expenses that seller has saved during the sales.is entitled to recover for emotional damages that must be paid during the delivery.cannot recover any incidental damages while goods are being delivered to the buyer.may recover damages, that is, the difference between the contract price and the market price at the time of delivery.
An injured buyer can recover consequential damages from a seller by showing that: ________.Multiple choice question.the seller knew (or should have known) she could have prevented damages by obtaining substitute goodsthe seller made (or should have made) profits out of the sales contractthe contract price is higher than the cost price of the substitute goodsthe seller knew (or should have known) the buyer would suffer damages if the seller failed to perform
If the difference between the contract price and the market price would not put the seller in as good a financial position as the seller would have been in if the contract had been performed, the seller can ________. (Choose three correct answers.)Multiple select question.recover lost profitrecover emotional damagesrecover overheadget compensated for incidental damagesdecline credit to buyer for expenses saved
If a buyer has rightfully rejected the goods, they may cancel the contract, Blank______ and Blank______.Multiple select question.accept goods without payment.recover as much of the purchase price that is paid.sue the buyer for emotional damages.recover damages.
The seller is entitled to recover the purchase price in all the situations below EXCEPT: ______. (Choose ONE correct answer)Multiple choice question.Seller is entitled to the purchase price of all goods accepted by the buyer.Seller is entitled to the purchase price of all goods when she has made an honest effort to resell the goods and was unsuccessfulSeller is entitled to the purchase price of all conforming goods that were damaged after the buyer assumed the risk of loss.Seller is entitled to the purchase price of all goods when she has resold the goods at 10% loss
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