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.
A buyer must notify a seller of his intention to reject a
Within 10 days of the tender
Within 30 days of the tender
Within a seasonable time
In a certified letter
Which of the following would be reasonable grounds for a seller
Buyer’s last two payments to the seller were 30 days late.
Buyer is making late payments to other suppliers in the
Buyer’s check to the seller was returned for insufficient
All of the above are reasonable grounds for feeling
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.
Which of the following remedies are available to both buyers and