QUESTION 15 George Buyer, seeing the market price talling, decides to intentionally breach his contract with Jim Seller, and refuses to take the 100 chairs he promised to buy from Jim. Jim is able to sell te chairs to another buyer, John for a lesser amount because of the falling market. If Jim then sues George for damage, which of the foilowin generally cannot Oa Punitive damages to punish intantional contract breaches. Ob hoidental 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 contract price 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., it such damages were foreseeable by George at the time the contract was made.
QUESTION 15 George Buyer, seeing the market price talling, decides to intentionally breach his contract with Jim Seller, and refuses to take the 100 chairs he promised to buy from Jim. Jim is able to sell te chairs to another buyer, John for a lesser amount because of the falling market. If Jim then sues George for damage, which of the foilowin generally cannot Oa Punitive damages to punish intantional contract breaches. Ob hoidental 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 contract price 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., it such damages were foreseeable by George at the time the contract was made.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
![QUESTION 15
Jim. 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 folowing
generally cannot
be 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 contract
price 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 such
damages were foreseeable by George at the time the contract was made.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b065fbc-2c2f-4ee5-bf7e-9558a1635a72%2F6185a734-144d-4f16-9146-503d89f1edc2%2Fby9npsd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 15
Jim. 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 folowing
generally cannot
be 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 contract
price 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 such
damages were foreseeable by George at the time the contract was made.
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