QUESTION 15Jim. Jim is able to sel the chairs to another buyer, John for a lesser amount because of the falling market. If Jim then sues George for damage, which of the folowinggenerally cannotbe recovered?Oa Punitive damages to punish intantional contract breaches.Ob incidental damages associate with a breach of contract, such as the cost of resale.Oc Compensatory damages to put Jim in the same position he would have been but for the breach by George, measured by the difference between the contractprice with George and the amount paid by John.Od Consequential damages if Jim can prove lost opportunity cost suffered as a result of the breach, such as lost opportunity costs for lost profits, etc, if suchdamages were foreseeable by George at the time the contract was made.

The appropriate choice is option D. The consequential damages will not be covered according to the…

Answered: QUESTION 15 George Buyer, seeing the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Economics - business law.
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