ED Engineering specially manufactured a large piece of equipment for Matt Manufacturing

ED Engineering specially manufactured a large piece of equipment
for Matt Manufacturing. The contract price was 50,000. After ED
completed the work at a cost of 40,000, Matt repudiated the
contract and refused to accept or pay for the piece of equipment.
Despite its best efforts, ED has not been able to sell this unique
good at any price. ED has also incurred 500 of storage costs. If ED
sues Matt, it will be able to collect _____________ in damages.

40000

40500

50000

50500

QUESTION 17
A buyer must notify a seller of his intention to reject a
non-conforming tender

Within 10 days of the tender

Within 30 days of the tender

Within a seasonable time

In a certified letter

QUESTION 18
Which of the following would be reasonable grounds for a seller
feeling insecure?

Buyer’s last two payments to the seller were 30 days late.

Buyer is making late payments to other suppliers in the
business.

Buyer’s check to the seller was returned for insufficient
funds.

All of the above are reasonable grounds for feeling
insecure.

QUESTION 19
When Ben Buyer wrongfully repudiated his contract with Sam
Seller, Sam had to pay a cancellation fee to the shipper and
incurred costs to store and to restock the goods. Sam can recover
these costs from the buyer as ______________ damages.

Consequential

Incidental

Punitive

Liquidated

QUESTION 20
Which of the following remedies are available to both buyers and
sellers?

Cover

CO1: Applies the theories and principles of nursing and related disciplines to individuals, families, aggregates, and communities from entry to the healthcare system through long-term planning. (PO1)

The most effective reengineering efforts are successful when they recognize that?

ED Engineering specially manufactured a large piece of equipment for Matt Manufacturing

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